Telacu Housing Rialto III Inc

Analysis

Telacu Housing Rialto III Inc is a registered charity in United States, based in Commerce, CA. It received its IRS tax-exemption ruling in January 2011, 15 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 Rialto III Inc reported income of $737k and spending of $1.1m, spending 150% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $599k to $737k (+23%), an average of +5.3% a year. Over the whole period it spent 151% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Telacu Housing Rialto III Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 77th percentile within CA. Charities of a similar size with the same main cause include Shiloh Community Housing Inc ($737k), Delno Terrace Inc ($737k) and Elder Care Two Inc ($737k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% and program service revenue 40% of the total. At year end it held assets of $11.6m against liabilities of $15.1m, net assets of -$3.5m.

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.