Telacu Housing-Monterey Park Inc

Analysis

Telacu Housing-Monterey Park Inc is a registered charity in United States, based in Commerce, CA. It received its IRS tax-exemption ruling in May 1996, 30 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 Housing-Monterey Park Inc reported income of $726k and spending of $910k, spending 125% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $605k to $726k (+20%), an average of +4.6% a year. Over the whole period it spent 121% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Telacu Housing-Monterey Park Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 77th percentile within CA. Charities of a similar size with the same main cause include Ria Inc ($726k), SNHS Elderly Housing VII Inc ($726k) and Estancias Del Angel Presbiteriana Inc ($725k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% and program service revenue 40% of the total. At year end it held assets of $3.2m against liabilities of $6.2m, net assets of -$3.0m.

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.