Telacu Housing-Pomona II Inc

Analysis

Telacu Housing-Pomona II Inc is a registered charity in United States, based in Commerce, CA. It received its IRS tax-exemption ruling in February 2007, 19 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-Pomona II Inc reported income of $661k and spending of $1.1m, spending 159% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $599k to $661k (+10%), an average of +2.5% a year. Over the whole period it spent 163% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Telacu Housing-Pomona II Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 76th percentile within CA. Charities of a similar size with the same main cause include Rebuilding Together--Fox Valley Inc ($661k), Chautauqua County Land Bank Corporation ($661k) and Telacu Housing-San Bernardino II Inc ($660k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 55% and program service revenue 43% of the total. At year end it held assets of $6.8m against liabilities of $12.4m, net assets of -$5.6m.

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.