Telacu Housing-Whittier Inc

Analysis

Telacu Housing-Whittier 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. 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-Whittier Inc reported income of $758k and spending of $951k, spending 125% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $695k to $758k (+9.1%), an average of +2.2% a year. Over the whole period it spent 124% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Telacu Housing-Whittier Inc sits at the 74th percentile: it is larger than about 74% 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 United Way of Venango County Inc ($758k), Youth Advocacy Foundation Inc ($759k) and Preserve Vision Florida Inc ($758k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% and program service revenue 38% of the total. At year end it held assets of $2.9m against liabilities of $6.8m, net assets of -$3.9m.

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.