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 |
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $1,783,098 | 28% |
| Program service revenue | $4,608,732 | 72% |
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
- Program service revenue made up 72% 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 40.8% 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 higher than 101.1% of 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.
- 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
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 | 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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