Obey Foundation Inc

Analysis

Obey Foundation Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in December 1998, 28 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2021, Obey Foundation Inc reported income of $131k and spending of $131k, spending 100% of its income. Across the 2 years on record, from December 2019 to December 2021, income fell from $296k to $131k (-56%), an average of -56% a year. The sharpest change came in the year to December 2021, when income dropped by 56%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Obey Foundation Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 42nd percentile within NC. Charities of a similar size with the same main cause include Arts Access South Carolina ($131k), Re-Creation USA Inc ($131k) and Fort Monroe Foundation ($131k).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 41% and program service revenue 59% of the total. At year end it held assets of $66k against liabilities of $66k, net assets of $0.