Financial Summaries & Impact Reporting

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
Graph of operating revenues for fiscal year 2022
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Patient Services
$1,171,545 (50.0%)

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Contracts and Government Grants
$557,748 (23.8%)

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Gifts and Philanthropic Grants
$515,296 (22.0%)

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Investment Income
$39,976 (1.7%)

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Other Income
$60,586 (2.5%)

Sources of

Sources of philanthropic contributions for fiscal year 2022
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Gifts from Individuals

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Philanthropic Grants

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Planned Gifts

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Corporate Gifts

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Fundraising and Community Events

Operating Expenses

Fiscal Year 2023

Total: $1,975,745
Graph of operating expenses for fiscal year 2022
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Program Services, Clinical
$938,670 (47.5%)

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Program Services, Research
$709,570 (35.9%)

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Management and General
$301,894 (15.3%)

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$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.


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.

Sharing What We Learn

We share what we learn to inform all who are working toward cures. Recent publications from teams across Fred Hutch who conduct a broad range of cancer, infectious disease and basic research share our latest findings with the global scientific community.

The News section of our website provides the latest highlights of our research and care and its impact, as well as stories about members of the Fred Hutch community. Through events and outreach activities, we also help our experts engage directly with the public.

Every dollar makes a difference

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:

Philanthropy Office

Kelly O'Brien

Vice President and Chief Philanthropy Officer