Nina Jean Obel Charitable Trust

Analysis

Nina Jean Obel Charitable Trust is a registered charity in United States, based in Plano, TX. It received its IRS tax-exemption ruling in November 1995, 31 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Nina Jean Obel Charitable Trust reported income of $78k and spending of $199k, spending 256% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $128k to $78k (-39%), an average of -12% a year. The sharpest change came in the year to December 2021, when income rose by 1128%. Over the whole period it spent 153% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Nina Jean Obel Charitable Trust sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 32nd percentile within TX. Charities of a similar size with the same main cause include Yampa Valley Electric Association Inc Caring Consumers Foundation ($78k), Mas Pantry ($78k) and Irrelevant Week Inc ($78k).

Compensation of current officers, directors and key employees was $17k (8.6% of expenses). At year end it held assets of $1.4m against liabilities of $0, net assets of $1.4m.