Pierce County Library Foundation

Analysis

Pierce County Library Foundation is a registered charity in United States, based in Tacoma, WA. It received its IRS tax-exemption ruling in February 1976, 50 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, Pierce County Library Foundation reported income of $1.0m and spending of $705k, leaving 32% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $411k to $1.0m (+152%), an average of +26% a year. The sharpest change came in the year to December 2022, when income rose by 163%. Over the whole period it spent 66% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Pierce County Library Foundation sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 79th percentile within WA. Charities of a similar size with the same main cause include Crafton Tower-Ahi Inc ($1.0m), New Milford Inter Faith Housing Inc ($1.0m) and The Mental Health Association in Jefferson County Incorporated ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $2.0m against liabilities of $250, net assets of $2.0m.