The Corning Museum Of Glass
The Corning Museum Of Glass shows strong asset growth and consistent operational surpluses over the last decade.
EIN: 160764349 · Corning, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $73.2M |
| Total Expenses | $42.3M |
| Program Spending | 85% |
| Net Assets | $84.7M |
| Transparency Score | 85/100 |
Is The Corning Museum Of Glass Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Corning Museum Of Glass directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Corning Museum Of Glass
The Corning Museum Of Glass (EIN: 160764349) is a nonprofit organization based in Corning, NY. The organization reported total revenue of $73.2M and total assets of $104.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Corning Museum Of Glass's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Corning Museum Of Glass is a major nonprofit that has been operating for 74 years, with 10 years of IRS 990 filings on record (2014–2023). Revenue has grown at a compound annual rate of 0.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $42.5M |
| Total Expenses | $42.3M |
| Surplus / Deficit | +$270K |
| Total Assets | $94.4M |
| Total Liabilities | $9.6M |
| Net Assets | $84.7M |
| Operating Margin | 0.6% |
| Debt-to-Asset Ratio | 10.2% |
| Months of Reserves | 26.8 months |
Financial Health Grade: A
In 2023, The Corning Museum Of Glass reported a surplus of $270K with revenue exceeding expenses, holds 26.8 months of operating reserves (strong position), has a debt-to-asset ratio of 10.2% (very low leverage).
Financial Trends
Over 10 years of filings (2014–2023), The Corning Museum Of Glass's revenue has grown at a compound annual growth rate (CAGR) of 0.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -4.9% | +3.4% | +11.0% |
| 2022 | -12.1% | +16.6% | -6.8% |
| 2021 | +61.6% | -3.3% | +23.8% |
| 2020 | -43.1% | -16.0% | +3.0% |
| 2019 | +19.6% | -3.6% | +15.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1952 |
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 Corning Museum Of Glass with a Mission Score of 85 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, The Corning Museum Of Glass 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 $270K, with revenue exceeding expenses.
- Debt-to-asset ratio: 10.2%.
Executive Compensation Analysis
The IRS 990 filings consistently report 0% for officer compensation, which suggests that executive salaries are either not disclosed in this specific section of the filings or are paid by a related entity. This lack of direct disclosure makes it difficult to assess executive compensation relative to the organization's size and overall expenses.
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 Corning Museum Of Glass's IRS 990 filings:
- Lack of disclosed officer compensation in IRS 990 filings, making executive pay difficult to assess.
Strengths
The following positive indicators were identified for The Corning Museum Of Glass:
- Consistent operational surpluses, indicating sound financial management.
- Significant asset growth, more than doubling from $48.8 million in 2014 to $104.2 million currently.
- Stable financial performance with revenue generally exceeding expenses over the past decade.
- Low liabilities relative to assets, suggesting good financial leverage and solvency.
Frequently Asked Questions about The Corning Museum Of Glass
Is The Corning Museum Of Glass a legitimate charity?
Based on AI analysis of IRS 990 filings, The Corning Museum Of Glass (EIN: 160764349) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does The Corning Museum Of Glass spend its money?
The Corning Museum Of Glass directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to The Corning Museum Of Glass tax-deductible?
The Corning Museum Of Glass is registered as a tax-exempt nonprofit (EIN: 160764349). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of The Corning Museum Of Glass's spending goes to programs?
The Corning Museum Of Glass directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is The Corning Museum Of Glass located?
The Corning Museum Of Glass is headquartered in Corning, New York and files with the IRS under EIN 160764349.
How many years of IRS 990 filings does The Corning Museum Of Glass have?
The Corning Museum Of Glass has 10 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 $73.2M in total revenue.
Is The Corning Museum Of Glass a good charity?
Based on its financial health, consistent surpluses, and significant asset growth, The Corning Museum Of Glass appears to be a well-managed and financially stable organization. Its ability to consistently generate more revenue than expenses suggests effective stewardship of resources.
How has the organization's financial health changed over the past decade?
The organization's financial health has significantly improved, with assets growing from $48.8 million in 2014 to $104.2 million currently. Revenue has also shown a general upward trend, indicating strong financial growth and stability.
What is the trend in The Corning Museum Of Glass's revenue and expenses?
Revenue and expenses have generally increased over the decade, with revenue consistently exceeding expenses in most years, leading to operational surpluses. For example, in 2023, revenue was $42.5 million against expenses of $42.2 million.
Filing History
IRS 990 filing history for The Corning Museum Of Glass showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2014–2023), The Corning Museum Of Glass's revenue has grown by 4.2%, moving from $40.8M to $42.5M. Total assets increased by 93.1% over the same period, from $48.9M to $94.4M. Total functional expenses rose by 25.4%, from $33.7M to $42.3M. In its most recent filing year (2023), The Corning Museum Of Glass reported a surplus of $270K, with revenue exceeding expenses. The organization holds $9.6M in liabilities against $94.4M in assets (debt-to-asset ratio: 10.2%), resulting in net assets of $84.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $42.5M | $42.3M | $94.4M | $9.6M | — | — |
| 2022 | $44.7M | $40.9M | $85.0M | $4.9M | — | View 990 |
| 2021 | $50.9M | $35.0M | $91.2M | $3.7M | — | View 990 |
| 2020 | $31.5M | $36.2M | $73.7M | $4.9M | — | View 990 |
| 2019 | $55.3M | $43.1M | $71.5M | $2.8M | — | View 990 |
| 2018 | $46.2M | $44.7M | $62.0M | $3.0M | — | View 990 |
| 2017 | $47.7M | $42.4M | $64.8M | $4.2M | — | View 990 |
| 2016 | $44.0M | $40.8M | $56.3M | $4.4M | — | View 990 |
| 2015 | $45.3M | $39.0M | $52.3M | $6.5M | — | View 990 |
| 2014 | $40.8M | $33.7M | $48.9M | $5.8M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $42.5M, expenses of $42.3M, and assets of $94.4M (revenue -4.9% year-over-year).
- 2022: Revenue of $44.7M, expenses of $40.9M, and assets of $85.0M (revenue -12.1% year-over-year).
- 2021: Revenue of $50.9M, expenses of $35.0M, and assets of $91.2M (revenue +61.6% year-over-year).
- 2020: Revenue of $31.5M, expenses of $36.2M, and assets of $73.7M (revenue -43.1% year-over-year).
- 2019: Revenue of $55.3M, expenses of $43.1M, and assets of $71.5M (revenue +19.6% year-over-year).
- 2018: Revenue of $46.2M, expenses of $44.7M, and assets of $62.0M (revenue -3.2% year-over-year).
- 2017: Revenue of $47.7M, expenses of $42.4M, and assets of $64.8M (revenue +8.4% year-over-year).
- 2016: Revenue of $44.0M, expenses of $40.8M, and assets of $56.3M (revenue -2.8% year-over-year).
- 2015: Revenue of $45.3M, expenses of $39.0M, and assets of $52.3M (revenue +11.0% year-over-year).
- 2014: Revenue of $40.8M, expenses of $33.7M, and assets of $48.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Corning Museum Of Glass:
Data Sources and Methodology
This transparency report for The Corning Museum Of Glass 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.