Telacu Housing-Moreno Valley Inc

Analysis

Telacu Housing-Moreno Valley Inc is a registered charity in United States, based in Commerce, CA. It received its IRS tax-exemption ruling in July 1990, 36 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Telacu Housing-Moreno Valley Inc reported income of $957k and spending of $844k, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $888k to $957k (+7.8%), an average of +1.9% a year. Over the whole period it spent 104% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Telacu Housing-Moreno Valley Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within CA. Charities of a similar size with the same main cause include Hispanic Housing and Education Corp ($957k), Kidron Inc ($957k) and Union Congregational Church Homes Phase II Inc ($956k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 68% and program service revenue 31% of the total. At year end it held assets of $3.9m against liabilities of $5.4m, net assets of -$1.5m.