Obsidian Collection Archives

Analysis

Obsidian Collection Archives is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in October 2017, 9 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 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, Obsidian Collection Archives reported income of $129k and spending of $159k, spending 123% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $201k to $129k (-36%), an average of -11% a year. The sharpest change came in the year to December 2022, when income rose by 75%. Over the whole period it spent 110% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Obsidian Collection Archives sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 44th percentile within IL. Charities of a similar size with the same main cause include Conjunto Heritage Taller Inc ($129k), Bible Archeology Search and Exploration Foundation ($129k) and Krug Community Circle Inc ($129k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1.1m against liabilities of $1.2m, net assets of -$117k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.