Pierce County Library Foundation FY2021 filing
Funds library services and programs for Pierce County. For fiscal year 2021 it reported $608K in revenue, $357K in expenses, and $689K in net assets.Pt I
- Type
- Public charity (501(c)(3)) · Nonprofit
- Location
- Tacoma, WA
- Filings
- 5 on file (2020–2021)
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Summary of the Filing
Identity & Classification
Governance & Policies
Officers, Directors & Key Employees
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Where the work happens
E-books and e-audio books were in increased demand by our community caused by the COVID-19 pandemic and reduced physical material distribution. Seniors now have access to many titles via e-books and can set the font size as large as necessary or listen to an ever expanding list of e-audio books.
Funds for summer reading supported readers of all ages, engaging them during summer to provide learning, enjoyment and community.
Block Play
Research has proven that children are better prepared to learn math, literacy, science, and social emotional development (just some of the vital benefits for healthy, growing children) when they build with blocks. The foundation purchases blocks and activity books to give away to children and their caregivers for this important program.
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Statement of Revenue
Statement of Functional Expenses
Balance Sheet
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Program ratio | 87% | — | — |
| Overhead ratio | 10% | — | — |
| Fundraising cost ratio | 2% | — | — |
| Revenue growth | 8% | — | — |
| Accounting fee ratio | 1% | — | — |
Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.
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