Corning Glass Works Ltd Salaried Employees
Corning Glass Works Ltd Salaried Employees shows extreme financial volatility with inconsistent revenue and expenses, and zero reported officer compensation.
EIN: 133364852 · Pittsburgh, PA · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $90.5M |
| Total Expenses | $103.5M |
| Program Spending | 80% |
| Net Assets | $10.2M |
| Transparency Score | 40/100 |
Is Corning Glass Works Ltd Salaried Employees Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Corning Glass Works Ltd Salaried Employees directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Corning Glass Works Ltd Salaried Employees
Corning Glass Works Ltd Salaried Employees (EIN: 133364852) is a nonprofit organization based in Pittsburgh, PA. The organization reported total revenue of $90.5M and total assets of $22.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Corning Glass Works Ltd Salaried Employees's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Corning Glass Works Ltd Salaried Employees is a major nonprofit that has been operating for 38 years, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of 57.4%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $78.8M |
| Total Expenses | $103.5M |
| Surplus / Deficit | $-24,726,543 |
| Total Assets | $10.2M |
| Net Assets | $10.2M |
| Operating Margin | -31.4% |
| Months of Reserves | 1.2 months |
Financial Health Grade: C
In 2022, Corning Glass Works Ltd Salaried Employees reported a deficit of $24.7M with expenses exceeding revenue, holds 1.2 months of operating reserves (limited).
Financial Trends
Over 12 years of filings (2011–2022), Corning Glass Works Ltd Salaried Employees's revenue has grown at a compound annual growth rate (CAGR) of 57.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -37.4% | -33.9% | -70.8% |
| 2021 | +102.2% | +18801.3% | -46.9% |
| 2020 | +8307.4% | +17.9% | +1438.5% |
| 2019 | +5.7% | -3.9% | +0.9% |
| 2018 | +28.8% | +19.5% | -0.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1988 |
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 Glass Works Ltd Salaried Employees with a Mission Score of 40 out of 100 (Fair). 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: 80%
- fundraising: 10%
According to IRS 990 filings, Corning Glass Works Ltd Salaried Employees allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $24.7M, with expenses exceeding revenue.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating a high degree of transparency regarding executive pay and suggesting that no salaries are paid to officers, or they are compensated through other means not reported as officer compensation.
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 Glass Works Ltd Salaried Employees's IRS 990 filings:
- 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.
Strengths
The following positive indicators were identified for Corning Glass Works Ltd Salaried Employees:
- Consistent reporting of 0% officer compensation, indicating transparency in this area.
- Consistently reports $0 in liabilities, suggesting a strong balance sheet free of debt.
- Significant revenue generation in recent years (e.g., $90M in latest period).
- History of 12 IRS 990 filings, indicating compliance with reporting requirements.
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) significant concerns. Mission Score: 40/100. 5 red flags identified, 4 strengths noted.
How does Corning Glass Works Ltd Salaried Employees spend its money?
Corning Glass Works Ltd Salaried Employees directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Corning Glass Works Ltd Salaried Employees tax-deductible?
Corning Glass Works Ltd Salaried Employees is registered as a tax-exempt nonprofit (EIN: 133364852). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Corning Glass Works Ltd Salaried Employees's spending goes to programs?
Corning Glass Works Ltd Salaried Employees directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Corning Glass Works Ltd Salaried Employees located?
Corning Glass Works Ltd Salaried Employees is headquartered in Pittsburgh, Pennsylvania and files with the IRS under EIN 133364852.
How many years of IRS 990 filings does Corning Glass Works Ltd Salaried Employees have?
Corning Glass Works Ltd Salaried Employees has 12 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 $90.5M in total revenue.
Is Corning Glass Works Ltd Salaried Employees a good charity?
Given the extreme financial volatility, lack of NTEE code, and unclear program details, it is difficult to definitively assess if it is a 'good charity' without more information on its mission and activities. The financial data alone presents a highly unusual operational pattern.
Why are the revenue and expense figures so inconsistent year-over-year?
The dramatic fluctuations, such as revenue jumping from $740,365 in 2019 to $62,245,532 in 2020, and expenses from $828,586 in 2020 to $156,613,873 in 2021, are highly unusual for a typical nonprofit and suggest either a very unique operational model, significant one-time events, or a potential misclassification of the entity.
What is the purpose of this organization given its name and financial data?
The name 'Corning Glass Works Ltd Salaried Employees' suggests it might be related to an employee benefit trust or a similar entity for a corporate group. However, without an NTEE code or program details, its exact purpose and how it generates and spends such large, fluctuating sums remain unclear.
How does the organization manage to have zero liabilities consistently?
Reporting zero liabilities across all filings, despite significant revenue and expense figures, is unusual for an organization of this scale and suggests a very strong cash position or a structure that avoids traditional debt, which could be a positive indicator of financial stability in that regard.
What caused the significant drop in assets from $65,686,512 in 2020 to $10,184,924 in 2022?
The substantial decrease in assets over this period, alongside fluctuating revenues and expenses, indicates significant financial activity or asset reallocations that are not immediately clear from the summary data. This warrants further investigation into the organization's investment or spending patterns.
Filing History
IRS 990 filing history for Corning Glass Works Ltd Salaried Employees showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Corning Glass Works Ltd Salaried Employees's revenue has grown by 14556.1%, moving from $538K to $78.8M. Total assets increased by 226.6% over the same period, from $3.1M to $10.2M. Total functional expenses rose by 21334.4%, from $483K to $103.5M. In its most recent filing year (2022), Corning Glass Works Ltd Salaried Employees reported a deficit of $24.7M, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $78.8M | $103.5M | $10.2M | $0 | — | — |
| 2021 | $125.8M | $156.6M | $34.9M | $0 | — | View 990 |
| 2020 | $62.2M | $829K | $65.7M | $0 | — | — |
| 2019 | $740K | $703K | $4.3M | $0 | — | View 990 |
| 2018 | $700K | $731K | $4.2M | $0 | — | View 990 |
| 2017 | $544K | $612K | $4.3M | $0 | — | View 990 |
| 2016 | $705K | $474K | $4.3M | $0 | — | View 990 |
| 2015 | $666K | $429K | $4.1M | $0 | — | View 990 |
| 2014 | $624K | $500K | $3.9M | $0 | — | View 990 |
| 2013 | $611K | $385K | $3.7M | $0 | — | View 990 |
| 2012 | $586K | $190K | $3.5M | $0 | — | View 990 |
| 2011 | $538K | $483K | $3.1M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $78.8M, expenses of $103.5M, and assets of $10.2M (revenue -37.4% year-over-year).
- 2021: Revenue of $125.8M, expenses of $156.6M, and assets of $34.9M (revenue +102.2% year-over-year).
- 2020: Revenue of $62.2M, expenses of $829K, and assets of $65.7M (revenue +8307.4% year-over-year).
- 2019: Revenue of $740K, expenses of $703K, and assets of $4.3M (revenue +5.7% year-over-year).
- 2018: Revenue of $700K, expenses of $731K, and assets of $4.2M (revenue +28.8% year-over-year).
- 2017: Revenue of $544K, expenses of $612K, and assets of $4.3M (revenue -22.9% year-over-year).
- 2016: Revenue of $705K, expenses of $474K, and assets of $4.3M (revenue +5.8% year-over-year).
- 2015: Revenue of $666K, expenses of $429K, and assets of $4.1M (revenue +6.7% year-over-year).
- 2014: Revenue of $624K, expenses of $500K, and assets of $3.9M (revenue +2.3% year-over-year).
- 2013: Revenue of $611K, expenses of $385K, and assets of $3.7M (revenue +4.1% year-over-year).
- 2012: Revenue of $586K, expenses of $190K, and assets of $3.5M (revenue +9.1% year-over-year).
- 2011: Revenue of $538K, expenses of $483K, and assets of $3.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Corning Glass Works Ltd Salaried Employees:
Data Sources and Methodology
This transparency report for Corning Glass Works Ltd Salaried Employees 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.