Electric Power Research Institute Inc

Analysis

Electric Power Research Institute Inc is a registered charity in United States, based in Palo Alto, CA. It received its IRS tax-exemption ruling in September 1972, 54 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Electric Power Research Institute Inc reported income of $478.7m and spending of $498.3m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $421.0m to $478.7m (+14%), an average of +3.3% a year. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Electric Power Research Institute Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within CA. Charities of a similar size with the same main cause include Bar Ilan University in Israel ($478.5m), St Vincents Medical Center Inc ($479.2m) and Rand Corporation ($467.2m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 97% of the total. Compensation of current officers, directors and key employees was $13.4m (2.7% of expenses). Other salaries and wages came to $172.0m. At year end it held assets of $427.8m against liabilities of $276.3m, net assets of $151.4m. It reported 1,455 employees.