Telacu Housing Pomona Inc

Analysis

Telacu Housing Pomona Inc is a registered charity in United States, based in Commerce, CA. It received its IRS tax-exemption ruling in July 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Telacu Housing Pomona Inc reported income of $698k and spending of $896k, spending 129% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $607k to $698k (+15%), an average of +3.5% a year. Over the whole period it spent 127% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Telacu Housing Pomona Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 76th percentile within CA. Charities of a similar size with the same main cause include Ronald McDonald House Charities of Bismarck ($697k), Anahiem Supportive Housing Inc ($698k) and Housing Partnership for Morris County Inc ($697k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% and program service revenue 39% of the total. At year end it held assets of $6.2m against liabilities of $9.5m, net assets of -$3.3m.

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.