Telacu Housing-National City Inc

Analysis

Telacu Housing-National City Inc is a registered charity in United States, based in Commerce, CA. It received its IRS tax-exemption ruling in January 1993, 33 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-National City Inc reported income of $739k and spending of $921k, spending 125% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $709k to $739k (+4.2%), an average of +1.0% a year. Over the whole period it spent 118% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Telacu Housing-National City 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 Harry and Jeanette Weinberg Terrace Inc ($739k), Hope Network Affordable Independent Living NPHC ($740k) and Washington Heights Elderly Housing Corporation ($739k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% and program service revenue 41% of the total. At year end it held assets of $2.5m against liabilities of $5.9m, net assets of -$3.3m.

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.