Obligation Inc
Obligation Inc is a private foundation, based in BIRMINGHAM, AL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $42K in total assets. In 2024, it awarded 2 grants totaling $12K. Net investment income was $9K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$42K
-32.0% YoY
Annual Giving
$12K
-23.3% YoY
Grant Count
2
+100.0% YoY
Avg Grant Size
$6K
-61.7% YoY
About Obligation Inc
Based on IRS filings
Obligation Inc is a private foundation, based in BIRMINGHAM, AL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $42K in total assets. In 2024, it awarded 2 grants totaling $12K. Net investment income was $9K.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $42,363 | $62,338 | $68,788 |
| Revenue | $9,083 | $10,968 | $2,280 |
| Expenses | $14,342 | $32,034 | $15,044 |
| Qualifying Distributions | $11,500 | $23,107 | $11,068 |
| Net Investment Income | $9,083 | $10,968 | $2,280 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
Grant Size Distribution
6 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Decisions Choices & Options ($10,000), Eagle Forum of Alabama Education Fund ($1,500).
| Recipient | Purpose | Amount |
|---|---|---|
| DECISIONS CHOICES & OPTIONS HENDERSONVILLE, TN | FUNDING | $10,000 |
| EAGLE FORUM OF ALABAMA EDUCATION FUND BIRMINGHAM, AL | FUNDING | $1,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JIM METROCK | PRESIDENT | 30 | — |
Frequently Asked Questions
How large is Obligation Inc?
As of 2024, Obligation Inc holds $42K in total assets with $9K in annual revenue. It awarded 2 grants totaling $12K in 2024.
Where does Obligation Inc operate?
Obligation Inc has awarded grants in Alabama, Massachusetts, Tennessee.
What size grants does Obligation Inc award?
In 2024, Obligation Inc awarded 2 grants totaling $12K — an average of about $6K per grant, based on its IRS Form 990 filings.
What is Obligation Inc's EIN?
Obligation Inc's EIN (Employer Identification Number) is 63-1154740. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Obligation Inc's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.