Corning Day Programs Inc Corning

Analysis

Corning Day Programs Inc Corning is a registered charity in United States, based in Corning, NY. It received its IRS tax-exemption ruling in August 1981, 45 years ago. The IRS classifies it as a governmental unit under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Corning Day Programs Inc Corning reported income of $3.3m and spending of $3.4m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.0m to $3.3m (+11%), an average of +2.6% a year. The sharpest change came in the year to June 2021, when income rose by 21%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Corning Day Programs Inc Corning sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 87th percentile within NY. Charities of a similar size with the same main cause include Sherwood & Myrtie Foster Home for Children ($3.3m), Center for Community Health and Well-Being Inc ($3.3m) and Arts Council Incorporated Winston-Salem Arts Council ($3.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 31% and program service revenue 68% of the total. Compensation of current officers, directors and key employees was $92k (2.7% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $3.9m against liabilities of $221k, net assets of $3.7m. It reported 86 employees.