Corning Institute for Education and Research

Analysis

Corning Institute for Education and Research is a registered charity in United States, based in Healdsburg, CA. It received its IRS tax-exemption ruling in March 1987, 39 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Corning Institute for Education and Research reported income of $186k and spending of $233k, spending 125% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $157k to $186k (+18%), an average of +4.3% a year. The sharpest change came in the year to December 2023, when income rose by 1052%. Over the whole period it spent 156% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Corning Institute for Education and Research sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 54th percentile within CA. Charities of a similar size with the same main cause include Cresswind LL Community Fund Inc ($186k), Newark Partnership Inc ($186k) and Little League Baseball Inc ($186k).

At year end it held assets of $3.3m against liabilities of $0, net assets of $3.3m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.