Fermi Research Alliance LLC

Analysis

Fermi Research Alliance LLC is a registered charity in United States, based in Batavia, IL. It received its IRS tax-exemption ruling in February 2007, 19 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. 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 September 2023, Fermi Research Alliance LLC reported income of $658.7m and spending of $658.2m, spending 100% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $478.2m to $658.7m (+38%), an average of +8.3% a year. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Fermi Research Alliance LLC 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 IL. Charities of a similar size with the same main cause include Future of Life Institute ($549.5m), American Chemical Society ($711.0m) and Public Broadcasting Service ($544.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $5.0m (0.8% of expenses). Other salaries and wages came to $183.2m. At year end it held assets of $14.5m against liabilities of $14.4m, net assets of $155k. It reported 2,431 employees.