Telacu Housing-Los Angeles Inc

Analysis

Telacu Housing-Los Angeles Inc is a registered charity in United States, based in Commerce, CA. It received its IRS tax-exemption ruling in May 1995, 31 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Telacu Housing-Los Angeles Inc reported income of $758k and spending of $1.0m, spending 136% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $647k to $758k (+17%), an average of +4.0% a year. Over the whole period it spent 130% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Telacu Housing-Los Angeles Inc sits at the 67th percentile: it is larger than about 67% 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 Telacu Housing-San Bernardino IV Inc ($758k), Creek Nation Indian Village Corp ($758k) and Sherman Oaks Senior Citizen Housing Corporation ($758k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 52% and program service revenue 47% of the total. At year end it held assets of $2.6m against liabilities of $7.9m, net assets of -$5.3m.

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.