Bargain World Thrift Store
EIN: 263077656 · Lake Charles, LA · NTEE: P29
| Metric | Value |
|---|---|
| Total Revenue | $253K |
| Total Expenses | $224K |
| Net Assets | $42K |
Is Bargain World Thrift Store Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Bargain World Thrift Store
Bargain World Thrift Store (EIN: 263077656) is a nonprofit organization based in Lake Charles, LA, classified under NTEE code P29. The organization reported total revenue of $253K and total assets of $32K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bargain World Thrift Store's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bargain World Thrift Store is a small nonprofit that has been operating for 15 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $217K |
| Total Expenses | $224K |
| Surplus / Deficit | $-7,730 |
| Total Assets | $43K |
| Total Liabilities | $2K |
| Net Assets | $42K |
| Operating Margin | -3.6% |
| Debt-to-Asset Ratio | 4.2% |
| Months of Reserves | 2.3 months |
Financial Health Grade: C
In 2023, Bargain World Thrift Store reported a deficit of $8K with expenses exceeding revenue, holds 2.3 months of operating reserves (limited), has a debt-to-asset ratio of 4.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Bargain World Thrift Store's revenue has grown at a compound annual growth rate (CAGR) of 1.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -0.9% | +10.8% | -14.5% |
| 2022 | +25.6% | +54.9% | +47.3% |
| 2021 | +59.3% | +2.4% | +1035.7% |
| 2020 | -25.8% | -18.1% | -65.1% |
| 2019 | -6.9% | -1.6% | -46.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2011 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Bargain World Thrift Store has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Bargain World Thrift Store with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $8K, with expenses exceeding revenue.
- Debt-to-asset ratio: 4.2%.
Frequently Asked Questions about Bargain World Thrift Store
Is Bargain World Thrift Store a legitimate charity?
Based on AI analysis of IRS 990 filings, Bargain World Thrift Store (EIN: 263077656) insufficient data. 0 red flags identified, 0 strengths noted.
How does Bargain World Thrift Store spend its money?
Detailed spending breakdown data is not yet available for Bargain World Thrift Store. Check back for updated IRS 990 analysis.
Are donations to Bargain World Thrift Store tax-deductible?
Bargain World Thrift Store is registered as a tax-exempt nonprofit (EIN: 263077656). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Bargain World Thrift Store located?
Bargain World Thrift Store is headquartered in Lake Charles, Louisiana and files with the IRS under EIN 263077656. It is classified under NTEE code P29.
How many years of IRS 990 filings does Bargain World Thrift Store have?
Bargain World Thrift Store has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $253K in total revenue.
Filing History
IRS 990 filing history for Bargain World Thrift Store showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Bargain World Thrift Store's revenue has grown by 13.5%, moving from $191K to $217K. Total assets increased by 29.8% over the same period, from $34K to $43K. Total functional expenses rose by 29.1%, from $174K to $224K. In its most recent filing year (2023), Bargain World Thrift Store reported a deficit of $8K, with expenses exceeding revenue. The organization holds $2K in liabilities against $43K in assets (debt-to-asset ratio: 4.2%), resulting in net assets of $42K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $217K | $224K | $43K | $2K | — | View 990 |
| 2022 | $219K | $203K | $51K | $1K | — | View 990 |
| 2021 | $174K | $131K | $35K | $1K | — | View 990 |
| 2020 | $109K | $128K | $3K | $13K | — | View 990 |
| 2019 | $147K | $156K | $9K | $252 | — | View 990 |
| 2018 | $158K | $158K | $16K | $4 | — | View 990 |
| 2017 | $153K | $150K | $16K | $0 | — | View 990 |
| 2016 | $136K | $138K | $15K | $0 | — | View 990 |
| 2015 | $157K | $156K | $17K | $0 | — | View 990 |
| 2014 | $153K | $180K | $16K | $0 | — | View 990 |
| 2013 | $168K | $173K | $43K | $0 | — | View 990 |
| 2012 | $180K | $166K | $48K | $0 | — | View 990 |
| 2011 | $191K | $174K | $34K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $217K, expenses of $224K, and assets of $43K (revenue -0.9% year-over-year).
- 2022: Revenue of $219K, expenses of $203K, and assets of $51K (revenue +25.6% year-over-year).
- 2021: Revenue of $174K, expenses of $131K, and assets of $35K (revenue +59.3% year-over-year).
- 2020: Revenue of $109K, expenses of $128K, and assets of $3K (revenue -25.8% year-over-year).
- 2019: Revenue of $147K, expenses of $156K, and assets of $9K (revenue -6.9% year-over-year).
- 2018: Revenue of $158K, expenses of $158K, and assets of $16K (revenue +3.7% year-over-year).
- 2017: Revenue of $153K, expenses of $150K, and assets of $16K (revenue +12.0% year-over-year).
- 2016: Revenue of $136K, expenses of $138K, and assets of $15K (revenue -13.3% year-over-year).
- 2015: Revenue of $157K, expenses of $156K, and assets of $17K (revenue +2.7% year-over-year).
- 2014: Revenue of $153K, expenses of $180K, and assets of $16K (revenue -8.9% year-over-year).
- 2013: Revenue of $168K, expenses of $173K, and assets of $43K (revenue -6.7% year-over-year).
- 2012: Revenue of $180K, expenses of $166K, and assets of $48K (revenue -5.5% year-over-year).
- 2011: Revenue of $191K, expenses of $174K, and assets of $34K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bargain World Thrift Store:
Data Sources and Methodology
This transparency report for Bargain World Thrift Store is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.