Telacu Housing-San Bernardino II Inc

Analysis

Telacu Housing-San Bernardino II Inc is a registered charity in United States, based in Commerce, CA. It received its IRS tax-exemption ruling in February 2002, 24 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-San Bernardino II Inc reported income of $660k and spending of $926k, spending 140% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $580k to $660k (+14%), an average of +3.3% a year. Over the whole period it spent 139% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Telacu Housing-San Bernardino 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 Lakes Senior Housing Inc ($660k), Rebuilding Together--Fox Valley Inc ($661k) and Rockwall Housing Development Corporation ($660k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% and program service revenue 38% of the total. At year end it held assets of $3.7m against liabilities of $8.4m, net assets of -$4.6m.

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.