Charity Search / CORNING ELMIRA MUSICAL ARTS
Arts, Culture & Humanities (A69) 990 on File

CORNING ELMIRA MUSICAL ARTS

EIN: 16-1482732 · CORNING, NY 14830-0015 · United States · FY 2025 Data
3 out of 5 49 / 100 Based on 2+ years of filings
Financial strength (30%) 79/100
Reliability (20%) 55/100
Effectiveness (25%) 58/100
Impact (25%) No data yet
Financial data: FY 2025 · Scored 9/13/2026
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CharityAI™ Score
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Financial Overview — FY 2025
$472K
Total Revenue
$514K
Total Expenses
$524K
Net Assets
4
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio 57.0%
Fundraising Efficiency 14.2%
Operating Reserve 12.24x
Liability-to-Asset 5.4%
Revenue Diversification 72.4%
Executive Compensation $74K
Compared with Peers
FY 2025
Compared with 7,068 similar organizations (United States, Arts, Culture & Humanities, $100K–$1M in expenses), FY 2025.
This organization Middle half of peers (P25–P75) Peer median
Ratio This org Peer median Position (P10 → P90)
Program expense ratio
Program expenses / total expenses · higher is better
57.0% 81.9%
P10P90
Bottom quarter
Admin expense ratio
Management and general / total expenses · lower is better
42.4% 13.7%
P10P90
Bottom quarter
Fundraising expense ratio
Fundraising expenses / total expenses · lower is better
0.6% 0.0%
P10P90
Below median
Fundraising efficiency
Fundraising expenses / gross fundraising income · lower is better
14.2% 27.4%
P10P90
Above median
Operating reserve
Months of expenses covered by net assets · higher is better
12.2 mo 9.4 mo
P10P90
Above median
Liabilities to assets
Total liabilities / total assets · lower is better
5.4% 1.5%
P10P90
Below median
Revenue concentration
Share of revenue from the largest source · lower is better
72.4% 77.2%
P10P90
Above median
Revenue growth
Year over year revenue growth
24.1% 6.7%
P10P90
Expense growth
Year over year expense growth
23.0% 5.9%
P10P90
Surplus margin
Surplus as a share of revenue
-8.9% 2.4%
P10P90
Financial History
Year Revenue Expenses Net Assets Program % Staff
2025 $472K $514K $524K 57.0% 4
2024 $380K $418K $541K 62.0% 5
2023 $370K $409K $554K 64.1% 7
2022 $499K $375K $574K 68.7% 6
2021 $286K $155K N/A 3
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Organization Details
EIN
16-1482732
State
NY
City
CORNING
ZIP
14830-0015
Classification
A69
Category
Arts, Culture & Humanities
Rating
3★
Coverage
A
Last Updated
Aug 2026
Form 990
On File
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