Telacu Housing Commerce II Inc

Analysis

Telacu Housing Commerce II Inc is a registered charity in United States, based in Commerce, CA. It received its IRS tax-exemption ruling in January 1992, 34 years ago. 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 Commerce II Inc reported income of $324k and spending of $391k, spending 120% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $320k to $324k (+1.3%), an average of +0.3% a year. Over the whole period it spent 115% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Telacu Housing Commerce II Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 65th percentile within CA. Charities of a similar size with the same main cause include Manitowoc Symphony Orchestra Association Inc ($324k), Coastal Christian School Inc ($324k) and Northeast Emergency Medical Services Inc ($324k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% and program service revenue 28% of the total. At year end it held assets of $769k against liabilities of $2.1m, net assets of -$1.4m.

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.