Pierce County Rural Library District
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 41,958,625 | 36,161,672 | 5,796,953 | 12.2 | 51% |
| 2021 | 43,083,150 | 37,521,666 | 5,561,484 | 13.5 | 50% |
| 2022 | 45,137,134 | 39,900,606 | 5,236,528 | 14.3 | 51% |
| 2023 | 47,451,904 | 45,049,804 | 2,402,100 | 13.3 | 48% |
In its most recent public year (2023), this organization brought in $2,402,100 more than it spent. Its reserves stood at about 13.3 months of spending, up from 12.2 in 2020. Staff pay was 48% of spending.
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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