Telacu Residential Management Inc

Analysis

Telacu Residential Management Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in March 1998, 28 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 (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 Residential Management Inc reported income of $6.6m and spending of $6.0m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.6m to $6.6m (+43%), an average of +9.3% a year. Over the whole period it spent 98% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Telacu Residential Management Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within CA. Charities of a similar size with the same main cause include University Village Housing Inc ($6.6m), Union Mission Inc ($6.6m) and Epiphany Senior Citizens Housing Corporation ($6.6m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 68% of the total. Compensation of current officers, directors and key employees was $252k (4.2% of expenses). Other salaries and wages came to $3.9m. At year end it held assets of $5.3m against liabilities of $1.5m, net assets of $3.8m. It reported 183 employees.