Telacu Housing-El Monte Inc

Analysis

Telacu Housing-El Monte Inc is a registered charity in United States, based in Commerce, CA. It received its IRS tax-exemption ruling in January 1995, 31 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-El Monte Inc reported income of $618k and spending of $733k, spending 119% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $580k to $618k (+6.5%), an average of +1.6% a year. Over the whole period it spent 120% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Telacu Housing-El Monte 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 73rd percentile, and in the 75th percentile within CA. Charities of a similar size with the same main cause include Family Educators Alliance of South Texas ($618k), Marion Therapeutic Riding Association Inc ($618k) and Redwood Trails Alliance ($618k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 56% and program service revenue 44% of the total. At year end it held assets of $2.1m against liabilities of $5.6m, net assets of -$3.5m.

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.