Howard Hughes Medical Institute
4000 Jones Bridge Rd, Chevy Chase, MD · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $2,004,784,057 | $1,178,202,544 | $27,618,269,570 |
| FY2024 | $1,760,221,928 | $1,152,447,870 | $25,560,992,002 |
| FY2023 | $749,022,788 | $1,147,090,579 | $24,177,090,209 |
| FY2022 | $2,117,477,557 | $986,289,955 | $24,039,668,984 |
| FY2021 | $2,096,794,078 | $954,764,083 | $27,098,934,612 |
| FY2020 | $1,467,289,681 | $947,377,660 | $21,231,900,185 |
| FY2019 | $1,411,381,183 | $1,081,673,510 | $20,139,285,949 |
| FY2018 | $1,527,324,317 | $925,718,713 | $20,369,359,231 |
| FY2017 | $1,550,547,891 | $1,043,453,921 | $19,309,198,025 |
| FY2016 | $1,200,320,873 | $1,133,477,188 | $17,775,559,553 |
| FY2015 | $1,982,566,539 | $1,013,599,225 | $18,171,235,116 |
| FY2014 | $2,003,505,012 | $1,163,065,944 | $18,593,606,666 |
| FY2013 | $1,352,946,588 | $1,053,985,963 | $16,901,006,477 |
| FY2012 | $1,236,292,903 | $1,084,168,259 | $15,781,109,296 |
Form 990 filings
The returns filed by Howard Hughes Medical Institute (EIN 59-0735717), 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 | $1,783,098 | <1% |
| Program service revenue | $4,608,732 | <1% |
| Other revenue | $1,998,392,227 | 100% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $944,508,067 | 80% |
| Management & general | $233,694,477 | 20% |
| Fundraising | $0 | 0% |
What the numbers show
- Other revenue made up 100% of total revenue in FY2025.
- Program services accounted for 80% of functional expenses, management & general 20%, and fundraising 0%.
- 80% of functional expenses went to program services in FY2025. That is higher than 39.5% of 157 Medical Research organizations nationwide (too few in MD for a state comparison).
- Net assets covered about 281.3 months of expenses at the end of the reporting year. That puts it in the 95th percentile among 87 Medical Research organizations in MD.
- Total revenue was the highest among 91 Medical Research organizations in MD.
- Total revenue rose from $1,236,292,903 in FY2012 to $2,004,784,057 in FY2025. Revenue increased in 8 and decreased in 5 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 1 of 14 reported years (FY2023).
- The highest revenue on record here is $2,117,477,557 in FY2022.
- Net assets grew from $15,781,109,296 to $27,618,269,570 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
THE HOWARD HUGHES MEDICAL INSTITUTE IS A BIOMEDICAL RESEARCH ORGANIZATION DEDICATED TO CONDUCTING FUNDAMENTAL RESEARCH IN THE LIFE SCIENCES, SUPPORTING SCIENCE EDUCATION THROUGHOUT THE UNITED STATES, AND ADVANCING THE PUBLIC UNDERSTANDING OF SCIENCE.
IRS status
| Ruling year | 1957 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | H920 — Medical Research |
| 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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