Obx Storm Inc

Analysis

Obx Storm Inc is a registered charity in United States, based in Kitty Hawk, NC. It received its IRS tax-exemption ruling in August 2002, 24 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Obx Storm Inc reported income of $196k and spending of $149k, leaving 24% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $53k to $196k (+266%), an average of +91% a year. The sharpest change came in the year to December 2023, when income rose by 105%. Over the whole period it spent 94% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Obx Storm Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 51st percentile within NC. Charities of a similar size with the same main cause include Dream Court Inc ($196k), John Jay Youth Lacrosse ($196k) and Bulldog Aquatics Booster Club ($196k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 1.0% of the total. At year end it held assets of $58k against liabilities of $1,511, net assets of $57k.