Corning Country Club Inc
Corning Country Club Inc. consistently generates revenue exceeding expenses with no reported officer compensation.
EIN: 160393420 · Corning, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.7M |
| Total Expenses | $2.7M |
| Program Spending | 80% |
| Net Assets | $1.7M |
| Transparency Score | 75/100 |
Is Corning Country Club Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Corning Country Club Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Corning Country Club Inc
Corning Country Club Inc (EIN: 160393420) is a nonprofit organization based in Corning, NY. The organization reported total revenue of $2.7M and total assets of $2.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Corning Country Club Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Corning Country Club Inc is a mid-size nonprofit that has been operating for 73 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of -0.6%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.8M |
| Total Expenses | $2.7M |
| Surplus / Deficit | +$39K |
| Total Assets | $2.6M |
| Total Liabilities | $903K |
| Net Assets | $1.7M |
| Operating Margin | 1.4% |
| Debt-to-Asset Ratio | 35.3% |
| Months of Reserves | 11.3 months |
Financial Health Grade: A
In 2024, Corning Country Club Inc reported a surplus of $39K with revenue exceeding expenses, holds 11.3 months of operating reserves (strong position), has a debt-to-asset ratio of 35.3% (moderate leverage).
Financial Trends
Over 13 years of filings (2012–2024), Corning Country Club Inc's revenue has declined at a compound annual growth rate (CAGR) of -0.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +4.7% | +9.4% | +20.9% |
| 2023 | -9.1% | +11.2% | +6.4% |
| 2022 | +62.8% | +28.1% | +43.1% |
| 2021 | -34.3% | -27.7% | +10.7% |
| 2020 | +22.7% | +14.2% | +15.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1953 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Corning Country Club Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Corning Country Club Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $39K, with revenue exceeding expenses.
- Debt-to-asset ratio: 35.3%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive compensation from the organization, which is a significant positive for resource allocation.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Corning Country Club Inc's IRS 990 filings:
- Unknown NTEE code makes mission and program assessment difficult
- Significant increase in liabilities in the most recent filing period (from $499,469 to $903,193)
Strengths
The following positive indicators were identified for Corning Country Club Inc:
- Consistent operational surpluses (e.g., $39,341 in 202401)
- No reported officer compensation across all filings
- Consistent growth in assets over the past five years (from $1,256,929 in 202001 to $2,560,947 in 202401)
- Regular IRS 990 filing history demonstrates transparency
Frequently Asked Questions about Corning Country Club Inc
Is Corning Country Club Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Corning Country Club Inc (EIN: 160393420) some concerns. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
How does Corning Country Club Inc spend its money?
Corning Country Club Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Corning Country Club Inc tax-deductible?
Corning Country Club Inc is registered as a tax-exempt nonprofit (EIN: 160393420). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Corning Country Club Inc's spending goes to programs?
Corning Country Club Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Corning Country Club Inc located?
Corning Country Club Inc is headquartered in Corning, New York and files with the IRS under EIN 160393420.
How many years of IRS 990 filings does Corning Country Club Inc have?
Corning Country Club Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $2.7M in total revenue.
What are the primary 'program' activities of Corning Country Club Inc.?
The provided data does not specify the NTEE code or detailed program activities, making it difficult to ascertain the exact nature of its charitable or programmatic work beyond its name suggesting a country club.
Why have liabilities increased significantly in recent years?
Liabilities increased from $499,469 in 202301 to $903,193 in 202401. While assets also grew, further investigation would be needed to understand the nature of these liabilities (e.g., new loans, deferred revenue) and their impact on long-term financial health.
How does the organization ensure its financial stability with fluctuating revenues?
Revenues have fluctuated, for example, from $1,781,698 in 202101 to $2,901,400 in 202201. The organization consistently manages to keep expenses below revenue, indicating effective financial management despite these fluctuations.
Filing History
IRS 990 filing history for Corning Country Club Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Corning Country Club Inc's revenue has declined by 7.4%, moving from $3.0M to $2.8M. Total assets decreased by 44.5% over the same period, from $4.6M to $2.6M. Total functional expenses rose by 1%, from $2.7M to $2.7M. In its most recent filing year (2024), Corning Country Club Inc reported a surplus of $39K, with revenue exceeding expenses. The organization holds $903K in liabilities against $2.6M in assets (debt-to-asset ratio: 35.3%), resulting in net assets of $1.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $2.8M | $2.7M | $2.6M | $903K | — | View 990 |
| 2023 | $2.6M | $2.5M | $2.1M | $499K | — | View 990 |
| 2022 | $2.9M | $2.2M | $2.0M | $523K | — | — |
| 2021 | $1.8M | $1.7M | $1.4M | $589K | — | — |
| 2020 | $2.7M | $2.4M | $1.3M | $491K | — | View 990 |
| 2019 | $2.2M | $2.1M | $1.1M | $615K | — | View 990 |
| 2018 | $2.5M | $2.4M | $735K | $357K | — | — |
| 2017 | $2.2M | $2.5M | $4.4M | $4.2M | — | View 990 |
| 2016 | $3.0M | $2.6M | $4.7M | $4.0M | — | View 990 |
| 2015 | $2.7M | $2.6M | $4.3M | $4.0M | — | View 990 |
| 2014 | $2.3M | $2.5M | $4.2M | $4.0M | — | View 990 |
| 2013 | $2.2M | $2.5M | $4.3M | $3.9M | — | View 990 |
| 2012 | $3.0M | $2.7M | $4.6M | $3.9M | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $2.8M, expenses of $2.7M, and assets of $2.6M (revenue +4.7% year-over-year).
- 2023: Revenue of $2.6M, expenses of $2.5M, and assets of $2.1M (revenue -9.1% year-over-year).
- 2022: Revenue of $2.9M, expenses of $2.2M, and assets of $2.0M (revenue +62.8% year-over-year).
- 2021: Revenue of $1.8M, expenses of $1.7M, and assets of $1.4M (revenue -34.3% year-over-year).
- 2020: Revenue of $2.7M, expenses of $2.4M, and assets of $1.3M (revenue +22.7% year-over-year).
- 2019: Revenue of $2.2M, expenses of $2.1M, and assets of $1.1M (revenue -12.6% year-over-year).
- 2018: Revenue of $2.5M, expenses of $2.4M, and assets of $735K (revenue +15.4% year-over-year).
- 2017: Revenue of $2.2M, expenses of $2.5M, and assets of $4.4M (revenue -27.1% year-over-year).
- 2016: Revenue of $3.0M, expenses of $2.6M, and assets of $4.7M (revenue +12.9% year-over-year).
- 2015: Revenue of $2.7M, expenses of $2.6M, and assets of $4.3M (revenue +15.8% year-over-year).
- 2014: Revenue of $2.3M, expenses of $2.5M, and assets of $4.2M (revenue +6.6% year-over-year).
- 2013: Revenue of $2.2M, expenses of $2.5M, and assets of $4.3M (revenue -27.7% year-over-year).
- 2012: Revenue of $3.0M, expenses of $2.7M, and assets of $4.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Corning Country Club Inc:
Data Sources and Methodology
This transparency report for Corning Country Club Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.