Corning Hospital
Corning Hospital shows consistent revenue growth and strong asset accumulation with no reported officer compensation on its 990s.
EIN: 160393490 · Corning, NY · NTEE: E220 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $300.6M |
| Total Expenses | $161.0M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $180 |
| Net Assets | $250.3M |
| Transparency Score | 80/100 |
Is Corning Hospital Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Corning Hospital directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Corning Hospital
Corning Hospital (EIN: 160393490) is a nonprofit organization based in Corning, NY, classified under NTEE code E220. The organization reported total revenue of $300.6M and total assets of $626.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Corning Hospital's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Corning Hospital is a major nonprofit that has been operating for 73 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $183.1M |
| Total Expenses | $161.0M |
| Surplus / Deficit | +$22.1M |
| Total Assets | $548.4M |
| Total Liabilities | $298.0M |
| Net Assets | $250.3M |
| Operating Margin | 12.1% |
| Debt-to-Asset Ratio | 54.3% |
| Months of Reserves | 40.9 months |
Financial Health Grade: A
In 2023, Corning Hospital reported a surplus of $22.1M with revenue exceeding expenses, holds 40.9 months of operating reserves (strong position), has a debt-to-asset ratio of 54.3% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Corning Hospital's revenue has grown at a compound annual growth rate (CAGR) of 6.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +8.6% | +17.1% | +57.8% |
| 2022 | +11.0% | +6.1% | +8.4% |
| 2021 | +6.0% | +5.8% | +18.0% |
| 2020 | +4.8% | +8.1% | +7.5% |
| 2019 | +6.8% | +7.1% | +4.6% |
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 Hospital with a Mission Score of 80 out of 100 (Excellent). 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 Hospital 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 surplus of $22.1M, with revenue exceeding expenses.
- Debt-to-asset ratio: 54.3%.
Executive Compensation Analysis
The IRS 990 filings for Corning Hospital consistently report 0% officer compensation, which is highly unusual for an organization with annual revenues exceeding $180 million and assets over $500 million. This suggests that executive compensation may be paid by a related entity or not directly disclosed on these specific filings, limiting transparency regarding leadership costs.
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 Hospital's IRS 990 filings:
- 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
The following positive indicators were identified for Corning Hospital:
- 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.
Frequently Asked Questions about Corning Hospital
Is Corning Hospital a legitimate charity?
Based on AI analysis of IRS 990 filings, Corning Hospital (EIN: 160393490) some concerns. Mission Score: 80/100. 2 red flags identified, 4 strengths noted.
How does Corning Hospital spend its money?
Corning Hospital directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Corning Hospital tax-deductible?
Corning Hospital is registered as a tax-exempt nonprofit (EIN: 160393490). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Corning Hospital CEO make?
Corning Hospital's highest-compensated officer earns $180 annually. The organization reported $300.6M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Corning Hospital's spending goes to programs?
Corning Hospital directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Corning Hospital compare to similar nonprofits?
With a transparency score of 80/100 (Excellent), Corning Hospital is above average for NTEE category E220 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Corning Hospital located?
Corning Hospital is headquartered in Corning, New York and files with the IRS under EIN 160393490. It is classified under NTEE code E220.
How many years of IRS 990 filings does Corning Hospital have?
Corning Hospital 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 $300.6M in total revenue.
Why is officer compensation consistently reported as 0% on Corning Hospital's 990 filings?
The consistent reporting of 0% officer compensation for an organization of Corning Hospital's size (over $180M in revenue) is highly unusual and suggests that executive compensation may be paid by a related entity or not directly disclosed on these specific filings, warranting further investigation into its organizational structure and compensation practices.
What is the actual breakdown of program, administrative, and fundraising expenses?
The provided data does not include a detailed functional expense breakdown. While a general spending breakdown was estimated, a precise analysis of spending efficiency requires access to the full IRS 990, specifically Part IX, Statement of Functional Expenses.
How does Corning Hospital manage its increasing liabilities?
Liabilities have significantly increased from $68.6 million in 2019 to $298.0 million in 2023. While assets have grown even faster, understanding the nature of these liabilities (e.g., long-term debt, bonds) and the hospital's repayment strategy is crucial for a complete financial picture.
What is the primary driver of the substantial asset growth?
Assets have grown from $252.7 million in 2019 to $548.4 million in 2023. While revenue growth contributes, understanding if this asset growth is primarily from retained earnings, capital investments, or other sources would provide deeper insight into the hospital's financial strategy.
Filing History
IRS 990 filing history for Corning Hospital showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Corning Hospital's revenue has grown by 120.8%, moving from $82.9M to $183.1M. Total assets increased by 314.4% over the same period, from $132.3M to $548.4M. Total functional expenses rose by 121.9%, from $72.5M to $161.0M. In its most recent filing year (2023), Corning Hospital reported a surplus of $22.1M, with revenue exceeding expenses. The organization holds $298.0M in liabilities against $548.4M in assets (debt-to-asset ratio: 54.3%), resulting in net assets of $250.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $183.1M | $161.0M | $548.4M | $298.0M | — | View 990 |
| 2022 | $168.6M | $137.4M | $347.4M | $119.8M | — | View 990 |
| 2021 | $151.9M | $129.6M | $320.5M | $87.6M | — | View 990 |
| 2020 | $143.3M | $122.4M | $271.6M | $80.5M | — | View 990 |
| 2019 | $136.7M | $113.2M | $252.7M | $68.6M | — | — |
| 2018 | $128.0M | $105.7M | $241.7M | $72.8M | — | View 990 |
| 2017 | $113.4M | $104.3M | $230.7M | $78.4M | — | View 990 |
| 2016 | $59.4M | $51.5M | $222.0M | $85.0M | — | View 990 |
| 2015 | $102.2M | $95.2M | $225.4M | $93.9M | — | View 990 |
| 2014 | $92.6M | $83.1M | $226.5M | $98.2M | — | View 990 |
| 2013 | $96.3M | $72.5M | $215.5M | $88.4M | — | View 990 |
| 2012 | $101.6M | $74.9M | $160.1M | $59.1M | — | View 990 |
| 2011 | $82.9M | $72.5M | $132.3M | $57.9M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $183.1M, expenses of $161.0M, and assets of $548.4M (revenue +8.6% year-over-year).
- 2022: Revenue of $168.6M, expenses of $137.4M, and assets of $347.4M (revenue +11.0% year-over-year).
- 2021: Revenue of $151.9M, expenses of $129.6M, and assets of $320.5M (revenue +6.0% year-over-year).
- 2020: Revenue of $143.3M, expenses of $122.4M, and assets of $271.6M (revenue +4.8% year-over-year).
- 2019: Revenue of $136.7M, expenses of $113.2M, and assets of $252.7M (revenue +6.8% year-over-year).
- 2018: Revenue of $128.0M, expenses of $105.7M, and assets of $241.7M (revenue +12.9% year-over-year).
- 2017: Revenue of $113.4M, expenses of $104.3M, and assets of $230.7M (revenue +90.9% year-over-year).
- 2016: Revenue of $59.4M, expenses of $51.5M, and assets of $222.0M (revenue -41.9% year-over-year).
- 2015: Revenue of $102.2M, expenses of $95.2M, and assets of $225.4M (revenue +10.4% year-over-year).
- 2014: Revenue of $92.6M, expenses of $83.1M, and assets of $226.5M (revenue -3.8% year-over-year).
- 2013: Revenue of $96.3M, expenses of $72.5M, and assets of $215.5M (revenue -5.1% year-over-year).
- 2012: Revenue of $101.6M, expenses of $74.9M, and assets of $160.1M (revenue +22.5% year-over-year).
- 2011: Revenue of $82.9M, expenses of $72.5M, and assets of $132.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Corning Hospital:
Data Sources and Methodology
This transparency report for Corning Hospital 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.