Pierce County Library Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 563,629 | 403,301 | 160,328 | 12.5 | 0% |
| 2021 | 608,237 | 356,919 | 251,318 | 23.2 | 0% |
| 2022 | 1,599,554 | 813,193 | 786,361 | 23.6 | 0% |
| 2023 | 1,034,027 | 704,971 | 329,056 | 33.6 | 0% |
In its most recent public year (2023), this organization brought in $329,056 more than it spent. Its reserves stood at about 33.6 months of spending, up from 12.5 in 2020. Staff pay was 0% of spending. $591,825 of its net assets are donor-restricted.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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