Financial Summary
We believe that nonprofit organizations like Fred Hutch should be both transparent and accountable to the public and our supporters. We therefore provide key financial information below and invite you to contact us if you need more information. All figures in thousands.
Operating Revenues
Fiscal Year 2023
Total: $2,345,151
Patient Services
$1,171,545 (50.0%)
Contracts and Government Grants
$557,748 (23.8%)
Gifts and Philanthropic Grants
$515,296 (22.0%)
Investment Income
$39,976 (1.7%)
Other Income
$60,586 (2.5%)
Sources of
Philanthropic
Contributions
Gifts from Individuals
46%
Philanthropic Grants
27%
Planned Gifts
14%
Corporate Gifts
6%
Fundraising and Community Events
7%
Operating Expenses
Fiscal Year 2023
Total: $1,975,745
Program Services, Clinical
$938,670 (47.5%)
Program Services, Research
$709,570 (35.9%)
Management and General
$301,894 (15.3%)
Fundraising
$25,611 (1.3%)
Financial Statements
We also provide copies of key financial documents.
Fiscal year 2023 Consolidated Financial Statement, audited (PDF)
Fiscal year 2022 Consolidated Financial Statement, audited (PDF)*
Department of Treasury tax-exempt notice (PDF)
Letter of 501(c)3 tax-exempt status (PDF)
*Note: Because of the merger of Fred Hutchinson Cancer Research Center into Seattle Cancer Care Alliance, this statement reflects 12 months of Fred Hutchinson Cancer Research Center and three months of SCCA financials.
Resources for the former Fred Hutchinson Cancer Research Center
Fiscal year 2021 consolidated financial statement, audited (PDF)
Fiscal year 2020 consolidated financial statement, audited (PDF)
Fiscal year 2019 consolidated financial statement, audited (PDF)
Fiscal year 2018 consolidated financial statement, audited (PDF)
Fiscal year 2017 consolidated financial statement, audited (PDF)
Fiscal year 2016 consolidated financial statement, audited (PDF)
Annual Overviews and Reports
We regularly share organizational highlights and news on our website. Information about current Fred Hutch leadership is also available.
Annual overviews of Fred Hutchinson Cancer Center’s work and operations, as well as historical overviews for our legacy organizations (prior to our April 1, 2022, merger), are provided below.
Overviews for the former Fred Hutchinson Cancer Research Center
Fiscal Year 2021 Annual Report including Financial and Operational Highlights
Fiscal Year 2020 Finances & Leadership (PDF)
Fiscal Year 2019 Finances & Leadership (PDF)
Fiscal Year 2018 Finances & Leadership (PDF)
Fiscal Year 2017 Finances & Leadership (PDF)
Fiscal Year 2016 Finances & Leadership (PDF)
2022 Annual Report: Advancing Research and Care
2021 Annual Report: Together, We Make Innovation Possible
2020 Annual Report: A Year of Overcoming Challenges
2019 Annual Report: Cures Start Here (PDF)
2015 Annual Report: Year in Review (PDF)
2014 Annual Report: Cures Start Here (PDF)
2013 Annual Report: Ending Cancer Together (PDF)
2012 Annual Report: Breakthroughs for Life (PDF)
2011 Annual Report (PDF)
Fred Hutch's annual IRS Form 990 forms are prepared by Clark Nuber, PS. Fred Hutch's annual consolidated financial statements are audited by KPMG. Please contact us to request copies, or to answer any questions you may have: