FRED HUTCHINSON CANCER CENTER
1100 FAIRVIEW AVE N, SEATTLE, WA · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $2,532,392,907 | $2,405,985,717 | $1,567,044,212 |
| FY2024 | $2,027,046,671 | $2,064,743,953 | $1,457,169,210 |
| FY2023 | $2,322,795,971 | $1,951,660,593 | $1,382,874,978 |
| FY2022 | $1,283,961,922 | $1,134,529,429 | $950,248,984 |
| FY2021 | $940,996,725 | $841,344,866 | $789,481,700 |
| FY2020 | $820,892,125 | $735,653,659 | $637,251,319 |
| FY2019 | $757,282,570 | $684,323,509 | $562,366,180 |
| FY2018 | $653,487,789 | $610,353,946 | $489,909,484 |
| FY2017 | $556,116,574 | $528,580,707 | $439,269,070 |
| FY2016 | $539,616,252 | $475,898,010 | $393,480,308 |
| FY2015 | $464,122,606 | $443,892,609 | $335,822,385 |
| FY2014 | $434,611,182 | $409,414,069 | $318,190,632 |
| FY2013 | $392,664,332 | $365,615,667 | $283,062,006 |
| FY2012 | $358,084,282 | $327,907,205 | $262,011,937 |
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $705,214,753 | 30% |
| Program service revenue | $1,650,922,336 | 70% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $2,103,416,126 | 87% |
| Management & general | $273,626,775 | 11% |
| Fundraising | $28,942,816 | 1% |
What the numbers show
- Program service revenue made up 70% of total revenue in FY2025.
- Program services accounted for 87% of functional expenses, management & general 11%, and fundraising 1%.
- 87% of functional expenses went to program services in FY2025. That is higher than 65.5% of 84 Health Care organizations in WA.
- Net assets covered about 7.8 months of expenses at the end of the reporting year. That puts it in the 37th percentile among 401 Health Care organizations in WA.
- Total revenue was higher than 98.8% of 406 Health Care organizations in WA.
- Total revenue rose from $358,084,282 in FY2012 to $2,532,392,907 in FY2025, Revenue increased in 12 and decreased in 1 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 1 of 14 reported years (FY2024).
- Net assets grew from $262,011,937 to $1,567,044,212 between FY2012 and FY2025.
- Contributions and grants made up 1% of revenue in FY2012 and 28% in 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
FRED HUTCHINSON CANCER CENTER UNITES INNOVATIVE RESEARCH AND COMPASSIONATE CARE TO PREVENT AND ELIMINATE CANCER AND INFECTIOUS DISEASE.
IRS status
| Ruling year | 2000 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | E240 — Health Care (in WA) |
| 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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