Corning Day Programs Inc Corning
Corning Day Programs Inc: Declining Revenue and Asset Base Raise Concerns
EIN: 222361362 · Corning, NY · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $7.0M |
| Total Expenses | $3.4M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $3.7M |
| Transparency Score | 70/100 |
Is Corning Day Programs Inc Corning Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Corning Day Programs Inc Corning directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Corning Day Programs Inc Corning
Corning Day Programs Inc Corning (EIN: 222361362) is a nonprofit organization based in Corning, NY. The organization reported total revenue of $7.0M and total assets of $12.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Corning Day Programs Inc Corning's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Corning Day Programs Inc Corning is a mid-size nonprofit that has been operating for 45 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.3M |
| Total Expenses | $3.4M |
| Surplus / Deficit | $-11,012 |
| Total Assets | $3.9M |
| Total Liabilities | $221K |
| Net Assets | $3.7M |
| Operating Margin | -0.3% |
| Debt-to-Asset Ratio | 5.6% |
| Months of Reserves | 14.0 months |
Financial Health Grade: B
In 2023, Corning Day Programs Inc Corning reported a deficit of $11K with expenses exceeding revenue, holds 14.0 months of operating reserves (strong position), has a debt-to-asset ratio of 5.6% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Corning Day Programs Inc Corning's revenue has grown at a compound annual growth rate (CAGR) of 3.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -6.9% | +5.8% | -14.3% |
| 2022 | +7.3% | +2.2% | -9.9% |
| 2021 | +21.2% | +2.0% | -10.6% |
| 2020 | -8.3% | +2.6% | +136.0% |
| 2019 | +2.2% | +2.6% | -20.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1981 |
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 Day Programs Inc Corning with a Mission Score of 70 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Corning Day Programs Inc Corning allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $11K, with expenses exceeding revenue.
- Debt-to-asset ratio: 5.6%.
Executive Compensation Analysis
Executive compensation is reported as $0 across all available filings, which is unusual for an organization with over $3 million in revenue and warrants further investigation into how leadership is compensated or if it's entirely volunteer-run.
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 Day Programs Inc Corning's IRS 990 filings:
- Consistent decline in total revenue over the past two years ($3,597,019 in 2022 to $3,348,494 in 2023).
- Significant reduction in total assets from $5,694,996 in 2020 to $3,928,577 in 2023.
- Reporting 0% compensation for highest paid employees across all years, which could be a red flag for transparency or an indicator of an unsustainable operating model.
- Expenses consistently exceed revenue in several years (e.g., 2020: revenue $2,765,536, expenses $3,045,643).
Strengths
The following positive indicators were identified for Corning Day Programs Inc Corning:
- Maintains a relatively low liability burden, with liabilities consistently below $250,000 in recent years.
- Historically managed significant assets, indicating past financial stability.
- Consistent operational history dating back to at least 2016.
Frequently Asked Questions about Corning Day Programs Inc Corning
Is Corning Day Programs Inc Corning a legitimate charity?
Based on AI analysis of IRS 990 filings, Corning Day Programs Inc Corning (EIN: 222361362) some concerns. Mission Score: 70/100. 4 red flags identified, 3 strengths noted.
How does Corning Day Programs Inc Corning spend its money?
Corning Day Programs Inc Corning directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Corning Day Programs Inc Corning tax-deductible?
Corning Day Programs Inc Corning is registered as a tax-exempt nonprofit (EIN: 222361362). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Corning Day Programs Inc Corning CEO make?
Corning Day Programs Inc Corning's highest-compensated officer earns $0 annually. The organization reported $7.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Corning Day Programs Inc Corning's spending goes to programs?
Corning Day Programs Inc Corning directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Corning Day Programs Inc Corning located?
Corning Day Programs Inc Corning is headquartered in Corning, New York and files with the IRS under EIN 222361362.
How many years of IRS 990 filings does Corning Day Programs Inc Corning have?
Corning Day Programs Inc Corning 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 $7.0M in total revenue.
What does Corning Day Programs Inc Corning do?
Corning Day Programs Inc Corning is a nonprofit organization in the Unknown sector, located in Corning, New York. It is classified under NTEE code Unknown.
How much revenue does Corning Day Programs Inc Corning have?
Corning Day Programs Inc Corning reported total revenue of $7,010,412. Based on 13 IRS 990 filings on record.
What are Corning Day Programs Inc Corning's total assets?
Corning Day Programs Inc Corning holds total assets of $12,759,449 as reported in IRS 990 filings.
Where is Corning Day Programs Inc Corning located?
Corning Day Programs Inc Corning is based in Corning, New York.
What is Corning Day Programs Inc Corning's EIN?
Corning Day Programs Inc Corning's Employer Identification Number (EIN) is 222361362. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Corning Day Programs Inc Corning?
Corning Day Programs Inc Corning is classified under NTEE code Unknown (Unknown).
Is Corning Day Programs Inc Corning a registered 501(c)(3)?
Corning Day Programs Inc Corning appears in IRS records (EIN: 222361362). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Corning Day Programs Inc Corning file IRS Form 990?
Yes, Corning Day Programs Inc Corning has 13 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Corning Day Programs Inc Corning's revenue in 2023?
In the 202306 filing period, Corning Day Programs Inc Corning reported total revenue of $3,348,494, total expenses of $3,359,506, and net assets of $3,928,577.
Is Corning Day Programs Inc Corning's revenue growing or declining?
Corning Day Programs Inc Corning's revenue is declining. Revenue went from $3,597,019 (202206) to $3,348,494 (202306), a -6.9% change. Based on 13 filings on record.
What is Corning Day Programs Inc Corning's most recent 990 filing?
The most recent IRS Form 990 filing for Corning Day Programs Inc Corning covers tax period 202306. It shows revenue of $3,348,494, expenses of $3,359,506, total assets of $3,928,577, and liabilities of $221,350.
How much does Corning Day Programs Inc Corning spend on programs vs administration?
Based on IRS 990 analysis, Corning Day Programs Inc Corning allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Corning Day Programs Inc Corning a trustworthy charity?
Based on AI analysis of IRS 990 data, Corning Day Programs Inc Corning appears trustworthy. Mission Score: 70/100 (Good). 4 red flags identified. 3 strengths noted.
What are the red flags for Corning Day Programs Inc Corning?
The following concerns were identified: Consistent decline in total revenue over the past two years ($3,597,019 in 2022 to $3,348,494 in 2023).. Significant reduction in total assets from $5,694,996 in 2020 to $3,928,577 in 2023.. Reporting 0% compensation for highest paid employees across all years, which could be a red flag for transparency or an indicator of an unsustainable operating model.. Expenses consistently exceed revenue in several years (e.g., 2020: revenue $2,765,536, expenses $3,045,643).. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Corning Day Programs Inc Corning's strengths?
Positive indicators for Corning Day Programs Inc Corning include: Maintains a relatively low liability burden, with liabilities consistently below $250,000 in recent years.. Historically managed significant assets, indicating past financial stability.. Consistent operational history dating back to at least 2016.. These findings are derived from AI analysis of the organization's financial filings.
How does Corning Day Programs Inc Corning compensate executives?
Executive compensation is reported as $0 across all available filings, which is unusual for an organization with over $3 million in revenue and warrants further investigation into how leadership is compensated or if it's entirely volunteer-run. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent reporting of 0% compensation for the highest paid employees, what is the actual compensation structure for key leadership, and how does the organization attract and retain talent without direct salary compensation?
The filings indicate $0 compensation for the highest paid employees, which suggests either a fully volunteer-led executive team or that compensation is reported under a different category not immediately apparent, requiring deeper inquiry into their operational model and financial reporting practices.
What factors are contributing to the sustained decline in both revenue and total assets over the past few years, and what strategies are in place to reverse these trends?
Revenue has dropped from $3,597,019 in 2022 to $3,348,494 in 2023, and assets from $5,694,996 in 2020 to $3,928,577 in 2023. This consistent decline suggests potential operational challenges, market shifts, or funding issues that need to be addressed with clear strategic initiatives.
Filing History
IRS 990 filing history for Corning Day Programs Inc Corning showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Corning Day Programs Inc Corning's revenue has grown by 44%, moving from $2.3M to $3.3M. Total assets decreased by 30.8% over the same period, from $5.7M to $3.9M. Total functional expenses rose by 53.5%, from $2.2M to $3.4M. In its most recent filing year (2023), Corning Day Programs Inc Corning reported a deficit of $11K, with expenses exceeding revenue. The organization holds $221K in liabilities against $3.9M in assets (debt-to-asset ratio: 5.6%), resulting in net assets of $3.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.3M | $3.4M | $3.9M | $221K | — | — |
| 2022 | $3.6M | $3.2M | $4.6M | $245K | — | View 990 |
| 2021 | $3.4M | $3.1M | $5.1M | $256K | — | View 990 |
| 2020 | $2.8M | $3.0M | $5.7M | $752K | — | View 990 |
| 2019 | $3.0M | $3.0M | $2.4M | $186K | — | View 990 |
| 2018 | $3.0M | $2.9M | $3.0M | $186K | — | View 990 |
| 2017 | $2.8M | $2.8M | $3.5M | $183K | — | View 990 |
| 2016 | $2.7M | $2.6M | $3.9M | $153K | — | View 990 |
| 2015 | $2.7M | $2.6M | $4.4M | $129K | — | View 990 |
| 2014 | $2.5M | $2.4M | $4.9M | $196K | — | View 990 |
| 2013 | $2.4M | $2.4M | $5.1M | $149K | — | View 990 |
| 2012 | $2.5M | $2.4M | $5.4M | $151K | — | View 990 |
| 2011 | $2.3M | $2.2M | $5.7M | $136K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.3M, expenses of $3.4M, and assets of $3.9M (revenue -6.9% year-over-year).
- 2022: Revenue of $3.6M, expenses of $3.2M, and assets of $4.6M (revenue +7.3% year-over-year).
- 2021: Revenue of $3.4M, expenses of $3.1M, and assets of $5.1M (revenue +21.2% year-over-year).
- 2020: Revenue of $2.8M, expenses of $3.0M, and assets of $5.7M (revenue -8.3% year-over-year).
- 2019: Revenue of $3.0M, expenses of $3.0M, and assets of $2.4M (revenue +2.2% year-over-year).
- 2018: Revenue of $3.0M, expenses of $2.9M, and assets of $3.0M (revenue +6.7% year-over-year).
- 2017: Revenue of $2.8M, expenses of $2.8M, and assets of $3.5M (revenue +3.2% year-over-year).
- 2016: Revenue of $2.7M, expenses of $2.6M, and assets of $3.9M (revenue -1.3% year-over-year).
- 2015: Revenue of $2.7M, expenses of $2.6M, and assets of $4.4M (revenue +6.8% year-over-year).
- 2014: Revenue of $2.5M, expenses of $2.4M, and assets of $4.9M (revenue +5.9% year-over-year).
- 2013: Revenue of $2.4M, expenses of $2.4M, and assets of $5.1M (revenue -3.4% year-over-year).
- 2012: Revenue of $2.5M, expenses of $2.4M, and assets of $5.4M (revenue +6.9% year-over-year).
- 2011: Revenue of $2.3M, expenses of $2.2M, and assets of $5.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Corning Day Programs Inc Corning:
Data Sources and Methodology
This transparency report for Corning Day Programs Inc Corning 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.