Fred Hutchinson Cancer Center

Analysis

Fred Hutchinson Cancer Center is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in August 2000, 26 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Fred Hutchinson Cancer Center reported income of $2.32bn and spending of $1.95bn, spending 84% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $757.3m to $2.32bn (+207%), an average of +32% a year. The sharpest change came in the year to June 2023, when income rose by 81%. Over the whole period it spent 87% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Fred Hutchinson Cancer Center sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within WA. Charities of a similar size with the same main cause include Shands Teaching Hospital and Clinics Inc ($2.32bn), Seattle Childrens Hospital ($2.33bn) and Baptist Hospital of Miami Inc ($2.28bn).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 45% and program service revenue 53% of the total. Compensation of current officers, directors and key employees was $16.5m (0.8% of expenses). Other salaries and wages came to $512.8m. It paid $2.3m in professional fundraising fees. At year end it held assets of $3.41bn against liabilities of $2.02bn, net assets of $1.38bn. It reported 6,568 employees.