Quick charity verification for Corning Hospital (EIN: 160393490)
Verdict: Corning Hospital appears trustworthy
80/100Mission Score
$300.6MRevenue
$626.3MAssets
2Red Flags
4Strengths
Red Flags
Consistent 0% officer compensation reported on 990s for a large organization, raising transparency concerns about executive pay.
Significant increase in liabilities from $68.6M in 2019 to $298.0M in 2023, requiring further scrutiny despite asset growth.
Strengths
Consistent and strong revenue growth, from $136.7M in 2019 to $183.1M in 2023.
Robust asset accumulation, nearly doubling from $252.7M in 2019 to $548.4M in 2023.
Consistent positive net income across all reported periods, indicating financial stability and effective expense management.
Strong financial health with assets significantly exceeding liabilities, maintaining a healthy balance sheet.
Spending Breakdown
How Corning Hospital allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
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 Hospital
Is Corning Hospital a legitimate charity?
Based on AI analysis of IRS 990 filings, Corning Hospital (EIN: 160393490) appears trustworthy. Mission Score: 80/100. 2 red flags identified, 4 strengths noted.
Is Corning Hospital a good charity to donate to?
Corning Hospital has a Mission Score of 80/100. Revenue: $300.6M. Assets: $626.3M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Corning Hospital?
The Employer Identification Number (EIN) for Corning Hospital is 160393490. 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 Hospital spend its money?
Corning Hospital allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Corning Hospital's tax-exempt status?
You can verify Corning Hospital's tax-exempt status using EIN 160393490 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 Hospital demonstrates consistent financial growth and a strong asset base, indicating robust financial health. Over the past five years, revenue has grown from $136.7 million in 2019 to $183.1 million in 2023, while assets have nearly doubled from $252.7 million to $548.4 million in the same period. The organization consistently reports 0% officer compensation, which is unusual for an entity of this size and suggests that executive compensation may be reported under a related entity or not directly on this specific 990 filing, potentially impacting transparency regarding leadership costs. The consistent positive net income (revenue exceeding expenses) across all reported periods, such as $22.1 million in 2023 and $31.2 million in 2022, further solidifies its financial stability. However, without a detailed breakdown of functional expenses (program, administrative, fundraising) on the provided data, a precise assessment of spending efficiency is limited, though the consistent positive net income suggests effective management of overall expenses relative to revenue.