Andres Duarte Terrace

Analysis

Andres Duarte Terrace is a registered charity in United States, based in Duarte, CA. It received its IRS tax-exemption ruling in August 2003, 23 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 September 2023, Andres Duarte Terrace reported income of $830k and spending of $998k, spending 120% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $711k to $830k (+17%), an average of +3.9% a year. Over the whole period it spent 122% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Andres Duarte Terrace sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within CA. Charities of a similar size with the same main cause include Hale Mahaolu Ekolu Inc ($829k), Guadalupe Economic Services Corporation ($831k) and Broadway Housing Development Fund Company Inc ($829k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 60% and program service revenue 39% of the total. At year end it held assets of $7.0m against liabilities of $10.1m, net assets of -$3.1m.

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.