Telacu Housing-Riverside II Inc

Analysis

Telacu Housing-Riverside II Inc is a registered charity in United States, based in Commerce, CA. It received its IRS tax-exemption ruling in March 2007, 19 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Telacu Housing-Riverside II Inc reported income of $674k and spending of $939k, spending 139% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $656k to $674k (+2.8%), an average of +0.7% a year. Over the whole period it spent 134% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Telacu Housing-Riverside II Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 76th percentile within CA. Charities of a similar size with the same main cause include We Fortify ($674k), West Side CLT ($674k) and Baldwin Senoir Living ($674k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% and program service revenue 39% of the total. At year end it held assets of $10.1m against liabilities of $13.5m, net assets of -$3.4m.

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.