Pierce County Library Foundation
EIN: 510180293 · Tacoma, WA
| Metric | Value |
|---|---|
| Total Revenue | $925K |
| Total Expenses | $705K |
| Net Assets | $2.0M |
Is Pierce County Library Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Pierce County Library Foundation
Pierce County Library Foundation (EIN: 510180293) is a nonprofit organization based in Tacoma, WA. The organization reported total revenue of $925K and total assets of $2.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Pierce County Library Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Pierce County Library Foundation is a small nonprofit that has been operating for 50 years, with 14 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.0M |
| Total Expenses | $705K |
| Surplus / Deficit | +$329K |
| Total Assets | $2.0M |
| Total Liabilities | $250 |
| Net Assets | $2.0M |
| Operating Margin | 31.8% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 33.6 months |
Financial Health Grade: A
In 2023, Pierce County Library Foundation reported a surplus of $329K with revenue exceeding expenses, holds 33.6 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2023), Pierce County Library Foundation's revenue has grown at a compound annual growth rate (CAGR) of 7.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -35.4% | -13.3% | +23.0% |
| 2022 | +163.0% | +127.8% | +132.6% |
| 2021 | +7.9% | -11.5% | +63.8% |
| 2020 | +37.3% | -18.6% | +71.6% |
| 2019 | -33.3% | -37.6% | -22.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1976 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Pierce County Library Foundation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Pierce County Library Foundation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $329K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Pierce County Library Foundation
Is Pierce County Library Foundation a legitimate charity?
Pierce County Library Foundation (EIN: 510180293) is a registered tax-exempt nonprofit based in Washington. It has 14 years of IRS 990 filings on record. Total revenue: $925K. No red flags identified. Financial health grade: A.
How does Pierce County Library Foundation spend its money?
Pierce County Library Foundation reported $925K in total revenue in IRS 990 filings. 14 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Pierce County Library Foundation tax-deductible?
Pierce County Library Foundation is registered as a tax-exempt nonprofit (EIN: 510180293). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Pierce County Library Foundation located?
Pierce County Library Foundation is headquartered in Tacoma, Washington and files with the IRS under EIN 510180293.
How many years of IRS 990 filings does Pierce County Library Foundation have?
Pierce County Library Foundation has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $925K in total revenue.
Filing History
IRS 990 filing history for Pierce County Library Foundation showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2023), Pierce County Library Foundation's revenue has grown by 136.1%, moving from $438K to $1.0M. Total assets increased by 246.6% over the same period, from $569K to $2.0M. Total functional expenses rose by 57%, from $449K to $705K. In its most recent filing year (2023), Pierce County Library Foundation reported a surplus of $329K, with revenue exceeding expenses. The organization holds $250 in liabilities against $2.0M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $2.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.0M | $705K | $2.0M | $250 | — | — |
| 2022 | $1.6M | $813K | $1.6M | $6K | — | View 990 |
| 2021 | $608K | $357K | $690K | $813 | — | View 990 |
| 2020 | $564K | $403K | $421K | $2K | — | View 990 |
| 2019 | $411K | $495K | $245K | $0 | — | View 990 |
| 2018 | $616K | $793K | $316K | $0 | — | View 990 |
| 2017 | $230K | $84K | $511K | $9K | — | View 990 |
| 2017 | $524K | $388K | $446K | $96K | — | View 990 |
| 2016 | $593K | $581K | $348K | $143K | — | View 990 |
| 2015 | $385K | $524K | $325K | $124K | — | View 990 |
| 2014 | $717K | $580K | $784K | $435K | — | View 990 |
| 2013 | $366K | $365K | $428K | $216K | — | View 990 |
| 2012 | $241K | $300K | $440K | $229K | — | View 990 |
| 2011 | $438K | $449K | $569K | $294K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.0M, expenses of $705K, and assets of $2.0M (revenue -35.4% year-over-year).
- 2022: Revenue of $1.6M, expenses of $813K, and assets of $1.6M (revenue +163.0% year-over-year).
- 2021: Revenue of $608K, expenses of $357K, and assets of $690K (revenue +7.9% year-over-year).
- 2020: Revenue of $564K, expenses of $403K, and assets of $421K (revenue +37.3% year-over-year).
- 2019: Revenue of $411K, expenses of $495K, and assets of $245K (revenue -33.3% year-over-year).
- 2018: Revenue of $616K, expenses of $793K, and assets of $316K (revenue +167.3% year-over-year).
- 2017: Revenue of $230K, expenses of $84K, and assets of $511K (revenue -56.1% year-over-year).
- 2017: Revenue of $524K, expenses of $388K, and assets of $446K (revenue -11.6% year-over-year).
- 2016: Revenue of $593K, expenses of $581K, and assets of $348K (revenue +54.2% year-over-year).
- 2015: Revenue of $385K, expenses of $524K, and assets of $325K (revenue -46.4% year-over-year).
- 2014: Revenue of $717K, expenses of $580K, and assets of $784K (revenue +95.8% year-over-year).
- 2013: Revenue of $366K, expenses of $365K, and assets of $428K (revenue +52.3% year-over-year).
- 2012: Revenue of $241K, expenses of $300K, and assets of $440K (revenue -45.1% year-over-year).
- 2011: Revenue of $438K, expenses of $449K, and assets of $569K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Pierce County Library Foundation:
Data Sources and Methodology
This transparency report for Pierce County Library Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.