Bargain Store

Analysis

Bargain Store is a registered charity in United States, based in Minerva, OH. It received its IRS tax-exemption ruling in November 2017, 9 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Bargain Store reported income of $530k and spending of $375k, leaving 29% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $201k to $530k (+163%), an average of +38% a year. The sharpest change came in the year to December 2022, when income rose by 49%. Over the whole period it spent 82% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bargain Store sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within OH. Charities of a similar size with the same main cause include City of Refuge Goodlife Foundation ($530k), Art Spark Texas ($530k) and Area Churches Together Serving Inc ($530k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.2% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $40k (11% of expenses). Other salaries and wages came to $172k. At year end it held assets of $399k against liabilities of $178k, net assets of $221k. It reported 15 employees.