Obligation Inc
Obligation Inc is a private foundation, based in Birmingham, AL. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $44K in total assets. In 2025, it awarded 2 grants totaling $15K. Net investment income was $20K.
Obligation Inc at a glance
In short: Obligation Inc gave $15K across 2 grants in 2025 (avg $7K), mostly in Tennessee. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $14,879
- +29.4% vs 2024
- Grants made (2025)
- 2
- +0.0% vs 2024
- Average grant
- $7,440
- +29.4% vs 2024
- Median grant
- $7,440
- Total assets
- $44,446
- +4.9% vs 2024
- Primary geography
- Tennessee (67% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Obligation Inc funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
The largest 2025 recipient was Decisions Choices & Options ($10K). Together the top 2 received $15K.
Grant Size Distribution
7 grants across all recorded years
The most common grant size was under $50K: 7 grants of 7 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 2 itemized grants.
Cities
How Obligation Inc gives
- Giving grew 49% from 2022 to 2025. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $4K (2020) to $15K (2023). In 2025 it made 2 grants totaling $15K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Decisions Choices & Options Hendersonville, TN | Funding | $10,000 |
| Eagle Forum of Alabama Education Fund Birmingham, AL | Funding | $4,879 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income |
|---|---|---|---|---|---|---|---|
| 2025 | $44,446 | $19,765 | $17,682 | $14,879 | 2 | $14,879 | $19,765 |
| 2024 | $42,363 | $9,083 | $14,342 | $11,500 | 2 | $11,500 | $9,083 |
| 2023 | $62,338 | $10,968 | $32,034 | $15,000 | 1 | $23,107 | $10,968 |
| 2022 | $68,788 | $2,280 | $15,044 | $10,000 | 1 | $11,068 | $2,280 |
| 2021 | $81,552 | $1,955 | $15,222 | $12,000 | 1 | $12,000 | $1,955 |
| 2020 | $94,819 | $763 | $7,999 | $3,500 | 1 | — | $2,002 |
Leadership & Key People
Officers and directors from IRS filings
Obligation Inc is led by Jim Metrock, President on every filing since 2020 — the only officer listed, and uncompensated.
Officers on the 2025 filing
Jim Metrock
President
On filings since 2020
30 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Obligation Inc
How much does Obligation Inc give each year?
Obligation Inc gave $15K across 2 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $12K across 2 grants.
How large is Obligation Inc?
Obligation Inc reported $44K in total assets on its 2025 IRS Form 990-PF. Its revenue that year was $20K.
Where does Obligation Inc operate?
Obligation Inc has awarded grants in Alabama, Massachusetts, Tennessee.
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 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 12, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 11, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 8, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 8, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 6, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 4, 2026)
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