Telacu Housing - Alhambra Inc

Analysis

Telacu Housing - Alhambra Inc is a registered charity in United States, based in Commerce, CA. It received its IRS tax-exemption ruling in April 1997, 29 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 - Alhambra Inc reported income of $602k and spending of $714k, spending 119% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $558k to $602k (+8.0%), an average of +1.9% a year. Over the whole period it spent 122% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Telacu Housing - Alhambra Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 74th percentile within CA. Charities of a similar size with the same main cause include Community Share Ministry ($602k), Mid-Wilshire Apartments Housing Corporation ($602k) and River Manor Inc ($601k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 55% and program service revenue 43% of the total. At year end it held assets of $2.7m against liabilities of $5.5m, net assets of -$2.8m.

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.