Telacu Housing-Riverside Inc

Analysis

Telacu Housing-Riverside 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-Riverside Inc reported income of $748k and spending of $952k, spending 127% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $695k to $748k (+7.6%), an average of +1.8% a year. Over the whole period it spent 125% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Telacu Housing-Riverside 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 Birmingham Green Assisted Living Inc ($748k), Lewis & Clark Housing Developers ($748k) and Theophilos III Intergenerational Diversified Outreach Ministries ($748k).

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 $9.7m, net assets of -$3.0m.

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.