Telacu Housing-Monterey Hills Inc

Analysis

Telacu Housing-Monterey Hills 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. 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-Monterey Hills Inc reported income of $958k and spending of $1.2m, spending 128% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $879k to $958k (+9.0%), an average of +2.2% a year. Over the whole period it spent 135% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Telacu Housing-Monterey Hills Inc sits at the 77th percentile: it is larger than about 77% 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 Petaluma Youth Soccer League ($958k), Boston Psychoanalytic Society and Institute Inc ($958k) and Greenbrier Valley Aquatic Center Corp ($958k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% and program service revenue 39% of the total. At year end it held assets of $3.4m against liabilities of $11.4m, net assets of -$8.0m.

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.