Is Corning Glass Works Ltd Salaried…

Quick charity verification for Corning Glass Works Ltd Salaried Employees (EIN: 133364852)

Red Flags

Extreme and unexplained financial volatility in revenue and expenses (e.g., 2019 revenue $740K vs 2020 revenue $62M).
Significant negative net income in multiple years (e.g., 2021 expenses $156M vs revenue $125M; 2022 expenses $103M vs revenue $78M).
Lack of NTEE code, making it difficult to understand its mission and compare to peers.
Dramatic fluctuations in assets without clear explanation (e.g., $65M in 2020 down to $10M in 2022).
Unclear program activities given the name and financial scale.

Spending Breakdown

How Corning Glass Works Ltd Salaried Employees allocates its funds across programs, administration, and fundraising.

80%

Program Spending

Healthy — majority goes to mission

10%

Admin Costs

Reasonable — admin costs in check

10%

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 Glass Works Ltd Salaried Employees

Is Corning Glass Works Ltd Salaried Employees a legitimate charity?

Based on AI analysis of IRS 990 filings, Corning Glass Works Ltd Salaried Employees (EIN: 133364852) shows mixed signals. Mission Score: 40/100. 5 red flags identified, 4 strengths noted.

Is Corning Glass Works Ltd Salaried Employees a good charity to donate to?

Corning Glass Works Ltd Salaried Employees has a Mission Score of 40/100. Revenue: $90.5M. Assets: $22.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Corning Glass Works Ltd Salaried Employees?

The Employer Identification Number (EIN) for Corning Glass Works Ltd Salaried Employees is 133364852. 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 Glass Works Ltd Salaried Employees spend its money?

Corning Glass Works Ltd Salaried Employees allocates 80% to programs, 10% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Corning Glass Works Ltd Salaried Employees's tax-exempt status?

You can verify Corning Glass Works Ltd Salaried Employees's tax-exempt status using EIN 133364852 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 Glass Works Ltd Salaried Employees exhibits a highly unusual and volatile financial history. While the organization reports zero liabilities and zero officer compensation across all available filings, which suggests a degree of financial transparency regarding executive pay and debt, the dramatic fluctuations in revenue and expenses raise significant questions about its operational stability and purpose. For instance, revenue jumped from $740,365 in 2019 to $62,245,532 in 2020, then to $125,838,828 in 2021, before dropping to $78,781,343 in 2022. Similarly, expenses show extreme variability, with a notable spike to $156,613,873 in 2021. This volatility makes it difficult to assess consistent financial health or spending efficiency without further context on the nature of its activities.

The organization's assets have also fluctuated wildly, from $4,269,566 in 2019 to $65,686,512 in 2020, then down to $10,184,924 in 2022, and currently reported at $21,995,092. The consistent reporting of zero officer compensation is a positive indicator for transparency in that specific area, but the overall financial picture is one of extreme inconsistency. Without a clear NTEE code or detailed program information, it's challenging to evaluate its program focus or efficiency. The significant difference between revenue and expenses in several years (e.g., 2021 revenue of $125M vs. expenses of $156M, or 2020 revenue of $62M vs. expenses of $828K) suggests either substantial non-operating income/expenses or a highly unusual financial model.

Is Corning Glass Works Ltd Salaried Employees Legit?

Verdict: Corning Glass Works Ltd Salaried Employees shows mixed signals