Is Corning Community College Development Foundation Inc Legit?
Quick charity verification for Corning Community College Development Foundation Inc (EIN: 222447399)
Verdict: Corning Community College Development Foundation Inc appears trustworthy
75/100Mission Score
$6.3MRevenue
$27.2MAssets
2Red Flags
2Strengths
Red Flags
Significant year-over-year revenue volatility (e.g., $8,645,207 in 2022 vs. $2,274,919 in 2023) could impact program stability.
Consistent reporting of $0 for compensation raises questions about the true cost of executive leadership and potential indirect compensation structures.
Strengths
Maintains substantial assets, with $27,199,131 in 2023, providing a strong financial base.
The foundation's purpose of supporting Corning Community College suggests a clear and impactful mission within its local community.
Spending Breakdown
How Corning Community College Development Foundation Inc allocates its funds across programs, administration, and fundraising.
70%
Program Spending
Below average — room for improvement
15%
Admin Costs
Reasonable — admin costs in check
15%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Corning Community College Development Foundation Inc
Is Corning Community College Development Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Corning Community College Development Foundation Inc (EIN: 222447399) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 2 strengths noted.
Is Corning Community College Development Foundation Inc a good charity to donate to?
Corning Community College Development Foundation Inc has a Mission Score of 75/100. Revenue: $6.3M. Assets: $27.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Corning Community College Development Foundation Inc?
The Employer Identification Number (EIN) for Corning Community College Development Foundation Inc is 222447399. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Corning Community College Development Foundation Inc spend its money?
Corning Community College Development Foundation Inc allocates 70% to programs, 15% to administration, and 15% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Corning Community College Development Foundation Inc's tax-exempt status?
You can verify Corning Community College Development Foundation Inc's tax-exempt status using EIN 222447399 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Corning Community College Development Foundation Inc is a education nonprofit based in Corning, New York, with reported revenue of $6.3M and assets of $27.2M. Our AI analysis assigns a Mission Score of 75/100 (Good). Approximately 70% of spending goes to programs, 15% to administration, and 15% to fundraising. Executive compensation is consistently reported as $0, which is unusual for an organization with assets exceeding $27 million, suggesting compensation may be covered by the college or not fully disclosed in the provided filings. Revenue has grown +150% across 14 filing periods.