Hennepin Healthcare Research Institute
701 Park Ave pp7 700, Minneapolis, MN · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $54,717,221 | $53,504,403 | $64,917,547 |
| FY2023 | $57,100,108 | $55,410,594 | $60,135,395 |
| FY2022 | $55,810,422 | $49,868,509 | $53,062,720 |
| FY2021 | $47,615,744 | $45,048,467 | $56,250,277 |
| FY2020 | $39,322,190 | $38,458,228 | $50,220,843 |
| FY2019 | $38,612,727 | $37,708,065 | $45,045,279 |
| FY2018 | $36,574,432 | $35,588,659 | $39,028,859 |
| FY2017 | $36,181,389 | $33,734,264 | $41,026,171 |
| FY2016 | $35,291,409 | $34,516,012 | $36,091,041 |
| FY2015 | $35,404,919 | $35,077,566 | $34,692,334 |
| FY2014 | $35,702,121 | $36,292,121 | $35,872,428 |
| FY2013 | $34,685,221 | $33,354,967 | $36,684,628 |
| FY2012 | $34,362,353 | $32,204,631 | $32,841,601 |
| FY2011 | $30,935,477 | $31,011,394 | $28,793,867 |
Form 990 filings
The returns filed by Hennepin Healthcare Research Institute (EIN 41-1677920), 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 | $52,551,531 | 96% |
| Program service revenue | $0 | 0% |
| Other revenue | $2,165,690 | 4% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $49,330,495 | 92% |
| Management & general | $4,173,908 | 8% |
| Fundraising | $0 | 0% |
What the numbers show
- Contributions & grants made up 96% of total revenue in FY2024.
- Program services accounted for 92% of functional expenses, management & general 8%, and fundraising 0%.
- 92% of functional expenses went to program services in FY2024. That is higher than 84.1% of 157 Medical Research organizations nationwide (too few in MN for a state comparison).
- Net assets covered about 14.6 months of expenses at the end of the reporting year. That puts it in the 48th percentile among 54 Medical Research organizations in MN.
- Total revenue was the highest among 54 Medical Research organizations in MN.
- Total revenue rose from $30,935,477 in FY2011 to $54,717,221 in FY2024. Revenue increased in 10 and decreased in 3 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 2 of 14 reported years (FY2011, FY2014).
- The highest revenue on record here is $57,100,108 in FY2023.
- Net assets grew from $28,793,867 to $64,917,547 between FY2011 and FY2024.
- 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
IMPROVE PATIENT CARE AND THE HEALTH OF OUR COMMUNITY THROUGH RESEARCH AND EDUCATION.
IRS status
| Ruling year | 1990 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | H90 — Medical Research |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity). |
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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