Telacu Housing-Pasadena Inc

Analysis

Telacu Housing-Pasadena Inc is a registered charity in United States, based in Commerce, CA. It received its IRS tax-exemption ruling in December 1994, 32 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-Pasadena Inc reported income of $843k and spending of $999k, spending 119% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $697k to $843k (+21%), an average of +4.9% a year. The sharpest change came in the year to December 2023, when income rose by 21%. Over the whole period it spent 128% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Telacu Housing-Pasadena Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within CA. Charities of a similar size with the same main cause include Community Provider Network of Rhode Island ($843k), PTA California Congress of Parents Teachers & Students Inc ($843k) and Blackland Community Development Corporation ($842k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% and program service revenue 29% of the total. At year end it held assets of $2.8m against liabilities of $7.7m, net assets of -$5.0m.

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.