Corning Community School Education Foundation

Analysis

Corning Community School Education Foundation is a registered charity in United States, based in Corning, IA. It received its IRS tax-exemption ruling in February 2014, 12 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Corning Community School Education Foundation reported income of $272k and spending of $172k, leaving 37% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $98k to $272k (+179%), an average of +29% a year. The sharpest change came in the year to December 2023, when income rose by 80%. Over the whole period it spent 76% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Corning Community School Education Foundation sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 61st percentile within IA. Charities of a similar size with the same main cause include Natick Center Associates Inc ($272k), Wolfeboro Cross Country Ski Association ($272k) and East Falls Development Corporation ($272k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 88% of the total. At year end it held assets of $678k against liabilities of $0, net assets of $678k.