Zobel Associates

Analysis

Zobel Associates is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in March 2016, 10 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Zobel Associates reported income of $668k and spending of $603k, spending 90% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $281k to $668k (+138%), an average of +24% a year. The sharpest change came in the year to June 2022, when income rose by 45%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Zobel Associates sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within NC. Charities of a similar size with the same main cause include Bethesda Community School Inc ($668k), Parent Engagement Academy ($668k) and Maria Montessori School of the Golden Gate Corporation ($668k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 3.4% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $86k (14% of expenses). Other salaries and wages came to $251k. At year end it held assets of $63k against liabilities of $0, net assets of $63k. It reported 17 employees.