Pierce County Rural Library District

Analysis

Pierce County Rural Library District is a registered charity in United States, based in Tacoma, WA. It received its IRS tax-exemption ruling in May 1976, 50 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Rural Library District reported income of $47.5m and spending of $45.0m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $41.1m to $47.5m (+15%), an average of +3.6% a year. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Pierce County Rural Library District sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within WA. Charities of a similar size with the same main cause include Mater Academy Central Inc ($47.4m), Early Learning Coalition of Osceola County Inc ($47.5m) and Trevor Day School ($47.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.9% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $361k (0.8% of expenses). Other salaries and wages came to $21.1m. At year end it held assets of $50.9m against liabilities of $1.1m, net assets of $49.8m. It reported 371 employees.