Delno Terrace Inc

Analysis

Delno Terrace Inc is a registered charity in United States, based in Fresno, CA. It received its IRS tax-exemption ruling in October 1982, 44 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2024, Delno Terrace Inc reported income of $737k and spending of $818k, spending 111% of what it took in. Across the 5 years on record, from March 2020 to March 2024, income fell from $765k to $737k (-3.6%), an average of -0.9% a year. Over the whole period it spent 96% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Delno Terrace 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 Telacu Housing Rialto III Inc ($737k), Main Street Housing Inc ($738k) and Shiloh Community Housing Inc ($737k).

On its Form 990 for the period ending March 2024, revenue came from program service revenue 99% of the total. Other salaries and wages came to $316k. At year end it held assets of $1.1m against liabilities of $239k, net assets of $815k. It reported 31 employees.

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.