Telacu Housing-Pico Rivera Inc

Analysis

Telacu Housing-Pico Rivera Inc is a registered charity in United States, based in Commerce, CA. It received its IRS tax-exemption ruling in December 2000, 26 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-Pico Rivera Inc reported income of $605k and spending of $858k, spending 142% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $581k to $605k (+4.3%), an average of +1.0% a year. Over the whole period it spent 141% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Telacu Housing-Pico Rivera 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 74th percentile within CA. Charities of a similar size with the same main cause include Stevens Creek Village Inc ($605k), McLeod Home Inc ($606k) and Monroe County Apartments 4 Assn ($605k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 53% and program service revenue 46% of the total. At year end it held assets of $3.5m against liabilities of $8.0m, net assets of -$4.5m.

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.