The Corliss Institute Inc
The Corliss Institute: Consistent Revenue, High Liabilities, and Transparency Gaps
EIN: 222550175 · Warren, RI · NTEE: Z99 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $2.9M |
| Total Expenses | $2.2M |
| Program Spending | 75% |
| CEO/Top Officer Pay | $1.6 |
| Net Assets | $1.7M |
| Transparency Score | 65/100 |
Is The Corliss Institute Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Corliss Institute Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Corliss Institute Inc
The Corliss Institute Inc (EIN: 222550175) is a nonprofit organization based in Warren, RI, classified under NTEE code Z99. The organization reported total revenue of $2.9M and total assets of $2.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Corliss Institute Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Corliss Institute Inc is a mid-size nonprofit that has been operating for 38 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.2M |
| Total Expenses | $2.2M |
| Surplus / Deficit | +$27K |
| Total Assets | $2.1M |
| Total Liabilities | $337K |
| Net Assets | $1.7M |
| Operating Margin | 1.2% |
| Debt-to-Asset Ratio | 16.4% |
| Months of Reserves | 11.5 months |
Financial Health Grade: A
In 2023, The Corliss Institute Inc reported a surplus of $27K with revenue exceeding expenses, holds 11.5 months of operating reserves (strong position), has a debt-to-asset ratio of 16.4% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), The Corliss Institute Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -5.2% | +0.1% | +3.2% |
| 2022 | +4.5% | +1.0% | +12.1% |
| 2021 | +21.1% | +3.1% | -11.8% |
| 2020 | +7.8% | +1.0% | +7.9% |
| 2019 | -4.9% | +15.9% | -33.6% |
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 The Corliss Institute Inc with a Mission Score of 65 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: 75%
- fundraising: 10%
According to IRS 990 filings, The Corliss Institute Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 $27K, with revenue exceeding expenses.
- Debt-to-asset ratio: 16.4%.
Executive Compensation Analysis
Executive compensation is reported as 'c0%' across all available filings, which is highly improbable for an organization with revenues exceeding $1.6 million annually and suggests a lack of transparent reporting rather than an absence of 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 The Corliss Institute Inc's IRS 990 filings:
- Consistent reporting of 'c0%' for compensation across all years raises a significant red flag regarding the transparency and accuracy of executive compensation disclosures.
- Liabilities (l) are consistently high relative to assets (a) and revenue (r), with liabilities reaching $665,965 in 2020 against $1,815,130 in revenue, indicating potential financial strain or significant debt obligations.
- The organization's net assets have shown a declining trend in recent years, from $2,811,509 in 2018 to $2,053,956 in 2023, which could indicate financial challenges or significant expenditures.
Strengths
The following positive indicators were identified for The Corliss Institute Inc:
- The Corliss Institute Inc has demonstrated consistent revenue generation, maintaining over $1.6 million in revenue annually for the past eight years, indicating a stable funding base.
- Total assets have remained substantial, consistently above $1.7 million, providing a solid financial foundation despite high liabilities.
Frequently Asked Questions about The Corliss Institute Inc
Is The Corliss Institute Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, The Corliss Institute Inc (EIN: 222550175) some concerns. Mission Score: 65/100. 3 red flags identified, 2 strengths noted.
How does The Corliss Institute Inc spend its money?
The Corliss Institute Inc directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to The Corliss Institute Inc tax-deductible?
The Corliss Institute Inc is registered as a tax-exempt nonprofit (EIN: 222550175). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the The Corliss Institute Inc CEO make?
The Corliss Institute Inc's highest-compensated officer earns $1.6 annually. The organization reported $2.9M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of The Corliss Institute Inc's spending goes to programs?
The Corliss Institute Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does The Corliss Institute Inc compare to similar nonprofits?
With a transparency score of 65/100 (Good), The Corliss Institute Inc is above average for NTEE category Z99 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is The Corliss Institute Inc located?
The Corliss Institute Inc is headquartered in Warren, Rhode Island and files with the IRS under EIN 222550175. It is classified under NTEE code Z99.
How many years of IRS 990 filings does The Corliss Institute Inc have?
The Corliss Institute 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 $2.9M in total revenue.
What does The Corliss Institute Inc do?
The Corliss Institute Inc is a nonprofit organization in the Unknown sector, located in Warren, Rhode Island. It is classified under NTEE code Z99.
How much revenue does The Corliss Institute Inc have?
The Corliss Institute Inc reported total revenue of $2,853,646. Based on 13 IRS 990 filings on record.
What are The Corliss Institute Inc's total assets?
The Corliss Institute Inc holds total assets of $2,244,689 as reported in IRS 990 filings.
Where is The Corliss Institute Inc located?
The Corliss Institute Inc is based in Warren, Rhode Island.
What is The Corliss Institute Inc's EIN?
The Corliss Institute Inc's Employer Identification Number (EIN) is 222550175. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is The Corliss Institute Inc?
The Corliss Institute Inc is classified under NTEE code Z99 (Unknown).
Is The Corliss Institute Inc a registered 501(c)(3)?
Yes, The Corliss Institute Inc is recognized as a tax-exempt organization by the IRS. EIN: 222550175.
Does The Corliss Institute Inc file IRS Form 990?
Yes, The Corliss Institute Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was The Corliss Institute Inc's revenue in 2023?
In the 202306 filing period, The Corliss Institute Inc reported total revenue of $2,177,871, total expenses of $2,150,705, and net assets of $2,053,956.
Is The Corliss Institute Inc's revenue growing or declining?
The Corliss Institute Inc's revenue is declining. Revenue went from $2,298,025 (202206) to $2,177,871 (202306), a -5.2% change. Based on 13 filings on record.
What is The Corliss Institute Inc's most recent 990 filing?
The most recent IRS Form 990 filing for The Corliss Institute Inc covers tax period 202306. It shows revenue of $2,177,871, expenses of $2,150,705, total assets of $2,053,956, and liabilities of $337,265.
How much does The Corliss Institute Inc spend on programs vs administration?
Based on IRS 990 analysis, The Corliss Institute Inc allocates approximately 75% of expenses to program services, 15% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is The Corliss Institute Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, The Corliss Institute Inc shows mixed signals. Mission Score: 65/100 (Good). 3 red flags identified. 2 strengths noted.
What are the red flags for The Corliss Institute Inc?
The following concerns were identified: Consistent reporting of 'c0%' for compensation across all years raises a significant red flag regarding the transparency and accuracy of executive compensation disclosures.. Liabilities (l) are consistently high relative to assets (a) and revenue (r), with liabilities reaching $665,965 in 2020 against $1,815,130 in revenue, indicating potential financial strain or significant debt obligations.. The organization's net assets have shown a declining trend in recent years, from $2,811,509 in 2018 to $2,053,956 in 2023, which could indicate financial challenges or significant expenditures.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are The Corliss Institute Inc's strengths?
Positive indicators for The Corliss Institute Inc include: The Corliss Institute Inc has demonstrated consistent revenue generation, maintaining over $1.6 million in revenue annually for the past eight years, indicating a stable funding base.. Total assets have remained substantial, consistently above $1.7 million, providing a solid financial foundation despite high liabilities.. These findings are derived from AI analysis of the organization's financial filings.
How does The Corliss Institute Inc compensate executives?
Executive compensation is reported as 'c0%' across all available filings, which is highly improbable for an organization with revenues exceeding $1.6 million annually and suggests a lack of transparent reporting rather than an absence of compensation. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent 'c0%' compensation reporting, what is the actual mechanism for compensating key personnel, and how is this reflected in other expense categories?
The 'c0%' compensation figure strongly suggests that executive or key employee compensation is either being reported under other expense categories (e.g., 'other expenses' or 'program expenses' if executives are also program staff) or is being paid through a related entity not fully disclosed in these summary filings. Without more detailed Form 990 data, it's impossible to pinpoint the exact allocation.
What are the primary drivers behind the consistently high liabilities, and how does the organization plan to manage or reduce them?
The provided data does not specify the nature of the liabilities. They could stem from long-term debt, program-related obligations, or other financial commitments. A deeper dive into the organization's balance sheet from its full Form 990 would be necessary to understand the composition and strategy for managing these liabilities.
Filing History
IRS 990 filing history for The Corliss Institute Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), The Corliss Institute Inc's revenue has grown by 9.8%, moving from $2.0M to $2.2M. Total assets decreased by 25.3% over the same period, from $2.7M to $2.1M. Total functional expenses rose by 14.4%, from $1.9M to $2.2M. In its most recent filing year (2023), The Corliss Institute Inc reported a surplus of $27K, with revenue exceeding expenses. The organization holds $337K in liabilities against $2.1M in assets (debt-to-asset ratio: 16.4%), resulting in net assets of $1.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.2M | $2.2M | $2.1M | $337K | — | View 990 |
| 2022 | $2.3M | $2.1M | $2.0M | $417K | — | View 990 |
| 2021 | $2.2M | $2.1M | $1.8M | $348K | — | — |
| 2020 | $1.8M | $2.1M | $2.0M | $666K | — | View 990 |
| 2019 | $1.7M | $2.0M | $1.9M | $270K | — | View 990 |
| 2018 | $1.8M | $1.8M | $2.8M | $232K | — | View 990 |
| 2017 | $1.6M | $1.6M | $2.8M | $217K | — | View 990 |
| 2016 | $1.7M | $1.6M | $2.7M | $215K | — | View 990 |
| 2015 | $1.7M | $1.6M | $2.7M | $238K | — | View 990 |
| 2014 | $1.6M | $1.5M | $2.6M | $187K | — | View 990 |
| 2013 | $1.5M | $1.6M | $2.5M | $220K | — | View 990 |
| 2012 | $1.5M | $1.7M | $2.6M | $210K | — | View 990 |
| 2011 | $2.0M | $1.9M | $2.7M | $202K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.2M, expenses of $2.2M, and assets of $2.1M (revenue -5.2% year-over-year).
- 2022: Revenue of $2.3M, expenses of $2.1M, and assets of $2.0M (revenue +4.5% year-over-year).
- 2021: Revenue of $2.2M, expenses of $2.1M, and assets of $1.8M (revenue +21.1% year-over-year).
- 2020: Revenue of $1.8M, expenses of $2.1M, and assets of $2.0M (revenue +7.8% year-over-year).
- 2019: Revenue of $1.7M, expenses of $2.0M, and assets of $1.9M (revenue -4.9% year-over-year).
- 2018: Revenue of $1.8M, expenses of $1.8M, and assets of $2.8M (revenue +9.0% year-over-year).
- 2017: Revenue of $1.6M, expenses of $1.6M, and assets of $2.8M (revenue -2.5% year-over-year).
- 2016: Revenue of $1.7M, expenses of $1.6M, and assets of $2.7M (revenue -2.3% year-over-year).
- 2015: Revenue of $1.7M, expenses of $1.6M, and assets of $2.7M (revenue +8.9% year-over-year).
- 2014: Revenue of $1.6M, expenses of $1.5M, and assets of $2.6M (revenue +2.8% year-over-year).
- 2013: Revenue of $1.5M, expenses of $1.6M, and assets of $2.5M (revenue -1.5% year-over-year).
- 2012: Revenue of $1.5M, expenses of $1.7M, and assets of $2.6M (revenue -22.1% year-over-year).
- 2011: Revenue of $2.0M, expenses of $1.9M, and assets of $2.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Corliss Institute Inc:
Data Sources and Methodology
This transparency report for The Corliss Institute 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.