The Obed Project Inc

Analysis

The Obed Project Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in November 2000, 26 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, The Obed Project Inc reported income of $1.0m and spending of $1.0m, spending 97% of its income. Across the 3 years on record, from December 2019 to December 2023, income grew from $208k to $1.0m (+402%), an average of +124% a year. The sharpest change came in the year to December 2023, when income rose by 326%. Over the whole period it spent 108% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, The Obed Project Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within NC. Charities of a similar size with the same main cause include Anthroposophic Press Inc ($1.0m), Catechesis of the Good Shepherd Inc ($1.0m) and Masjidullah Incorporated ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.5% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $24k (2.4% of expenses). At year end it held assets of $61k against liabilities of $5,533, net assets of $56k. It reported 1 employees.