Telacu Housing-San Bernardino Inc

Analysis

Telacu Housing-San Bernardino 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-San Bernardino Inc reported income of $650k and spending of $858k, spending 132% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $552k to $650k (+18%), an average of +4.2% a year. Over the whole period it spent 134% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Telacu Housing-San Bernardino Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 75th percentile within CA. Charities of a similar size with the same main cause include Affordable Housing Development Corp ($650k), Chrysalis Lutheran Homes Inc ($650k) and Recovery Trail Inc ($649k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% and program service revenue 38% of the total. At year end it held assets of $3.1m against liabilities of $7.1m, net assets of -$4.0m.

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.