Telacu Housing El Monte II Inc

Analysis

Telacu Housing El Monte II Inc is a registered charity in United States, based in Commerce, CA. It received its IRS tax-exemption ruling in March 1998, 28 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 El Monte II Inc reported income of $621k and spending of $783k, spending 126% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $580k to $621k (+7.1%), an average of +1.7% a year. Over the whole period it spent 124% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Telacu Housing El Monte II Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 75th percentile within CA. Charities of a similar size with the same main cause include Plaza View II Inc ($621k), Vincents Homes Inc ($621k) and Habayit Home Away From Home Inc ($621k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 54% and program service revenue 45% of the total. At year end it held assets of $2.8m against liabilities of $5.9m, 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.