Telacu Housing-Rialto Inc

Analysis

Telacu Housing-Rialto Inc is a registered charity in United States, based in Commerce, CA. It received its IRS tax-exemption ruling in March 2004, 22 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 Inc reported income of $730k and spending of $930k, spending 127% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $717k to $730k (+1.8%), an average of +0.4% 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, Telacu Housing-Rialto 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 75th percentile, and in the 77th percentile within CA. Charities of a similar size with the same main cause include Bakersfield Senior Housing Inc ($729k), Eden-Hope Villa Esperanza Inc ($730k) and Sutter Community Affordable Housing ($729k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 64% and program service revenue 34% of the total. At year end it held assets of $6.7m against liabilities of $9.9m, net assets of -$3.2m.

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.