Fermi Research Alliance LLC
PO Box 500, Batavia, IL · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $168,510,542 | $168,408,198 | $164,370 |
| FY2024 | $715,499,867 | $715,592,349 | $62,026 |
| FY2023 | $658,749,338 | $658,194,829 | $154,508 |
| FY2022 | $593,848,536 | $591,229,941 | $2,118,594 |
| FY2021 | $577,062,640 | $574,388,053 | $2,074,586 |
| FY2020 | $512,797,198 | $510,031,928 | $2,165,269 |
| FY2019 | $478,201,204 | $475,835,159 | $1,766,045 |
| FY2018 | $416,675,962 | $414,367,753 | $1,708,208 |
| FY2017 | $403,384,026 | $400,720,475 | $2,063,550 |
| FY2016 | $420,754,619 | $418,749,193 | $1,405,425 |
| FY2015 | $386,432,066 | $384,274,488 | $1,457,577 |
| FY2014 | $373,656,208 | $371,528,475 | $1,427,732 |
| FY2013 | $422,159,551 | $420,309,696 | $1,149,855 |
| FY2012 | $421,695,296 | $419,749,367 | $1,245,926 |
Form 990 filings
The returns filed by Fermi Research Alliance LLC (EIN 57-1239010), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $168,509,234 | 100% |
| Program service revenue | $0 | 0% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $165,917,672 | 99% |
| Management & general | $2,490,526 | 1% |
| Fundraising | $0 | 0% |
What the numbers show
- Contributions & grants made up 100% of total revenue in FY2025.
- Program services accounted for 99% of functional expenses, management & general 1%, and fundraising 0%.
- 99% of functional expenses went to program services in FY2025. That is higher than 96.5% of 171 Science & Technology organizations nationwide (too few in IL for a state comparison).
- Net assets covered about 0 months of expenses at the end of the reporting year.
- Total revenue was the highest among 63 Science & Technology organizations in IL.
- Total revenue fell from $421,695,296 in FY2012 to $168,510,542 in FY2025. Revenue increased in 10 and decreased in 3 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 1 of 14 reported years (FY2024).
- The highest revenue on record here is $715,499,867 in FY2024.
- Net assets declined from $1,245,926 to $164,370 between FY2012 and FY2025.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (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
FRA LLC'S PURPOSE IS THE MANAGEMENT AND OPERATION OF FERMILAB, AN INTERNATIONAL SCIENTIFIC USER FACILITY OWNED BY THE US DEPARTMENT OF ENERGY AT WHICH THE FUNDAMENTAL NATURE OF MATTER AND ENERGY IS STUDIED.
IRS status
| Ruling year | 2007 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | U02 — Science & Technology |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity). |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 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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