ELECTRIC POWER RESEARCH INSTITUTE INC
3420 HILLVIEW AVE, PALO ALTO, CA · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $503,197,591 | $516,331,444 | $138,711,034 |
| FY2023 | $478,660,003 | $498,259,253 | $151,420,180 |
| FY2022 | $445,795,227 | $461,607,672 | $167,463,050 |
| FY2021 | $406,464,857 | $403,596,547 | $186,492,692 |
| FY2020 | $431,066,983 | $414,418,201 | $184,670,917 |
| FY2019 | $421,043,576 | $429,208,544 | $167,764,316 |
| FY2018 | $421,346,820 | $419,771,557 | $174,888,116 |
| FY2017 | $411,576,259 | $405,154,384 | $174,092,631 |
| FY2016 | $401,439,916 | $383,110,876 | $167,670,756 |
| FY2015 | $406,988,058 | $384,100,902 | $148,984,907 |
| FY2014 | $389,161,833 | $372,275,467 | $126,454,137 |
| FY2013 | $383,004,695 | $356,643,454 | $109,665,076 |
| FY2012 | $391,213,493 | $358,580,364 | $83,299,279 |
| FY2011 | $367,932,838 | $358,779,890 | $50,579,101 |
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $0 | 0% |
| Program service revenue | $488,718,548 | 100% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $361,853,584 | 70% |
| Management & general | $154,477,860 | 30% |
| Fundraising | $0 | 0% |
What the numbers show
- Program service revenue made up 100% of total revenue in FY2024.
- Program services accounted for 70% of functional expenses, management & general 30%, and fundraising 0%.
- 70% of functional expenses went to program services in FY2024. That is higher than 4.3% of 23 Public & Societal Benefit organizations in CA.
- Net assets covered about 3.2 months of expenses at the end of the reporting year. That puts it in the 22nd percentile among 727 Public & Societal Benefit organizations in CA.
- Total revenue was higher than 100% of 748 Public & Societal Benefit organizations in CA.
- Total revenue rose from $367,932,838 in FY2011 to $503,197,591 in FY2024, Revenue increased in 9 and decreased in 4 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 4 of 14 reported years (FY2019, FY2022, FY2023, FY2024).
- Net assets grew from $50,579,101 to $138,711,034 between FY2011 and FY2024.
- Donations are generally tax-deductible (public charity).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
IRS status
| Ruling year | 1972 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | W050 — Public & Societal Benefit |
| Donations | Donations are generally tax-deductible (public charity). |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded September 20, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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