Howard Hughes Medical Institute
Income Statement
Fiscal Year Start:
Sep 1
Revenues in 2025
$2,004,784,057
Other
86%
Investments
13%
Program Services
<1%
Contributions
<1%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2025
$1,178,202,544
Salaries & Benefits
41%
Other
16%
Fees to Service Providers
16%
Depreciation
10%
Offices, Occupancy & IT
9%
Grants
5%
Interest
2%
Benefits to Members
0%
Advertising & Promotion
0%
Revenues
2024
2025
Change
Contributions
$963,690
$1,783,098
+85%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$4,876,459
$4,608,732
-5%
Membership Dues
$0
$0
-
Investments
$289,495,844
$268,420,158
-7%
Other
$1,464,885,935
$1,729,972,069
+18%
Total Revenues
$1,760,221,928
$2,004,784,057
+14%
Expenses
2024
2025
Change
Grants
$57,993,764
$63,319,232
+9%
Benefits to Members
$0
$0
-
Salaries & Benefits
$457,243,292
$487,619,063
+7%
Fees to Service Providers
$173,577,230
$184,320,142
+6%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$103,630,942
$110,015,447
+6%
Interest
$27,653,964
$27,032,283
-2%
Depreciation
$117,633,685
$114,802,329
-2%
Other
$214,714,993
$191,094,048
-11%
Total Expenses
$1,152,447,870
$1,178,202,544
+2%
Net income
2024
2025
Change
Net income
+$607,774,058
+$826,581,513
+36%
Functional Expenses
Summary
2024
2025
Change
Program
$918,781,321
$944,508,067
+3%
Admin
$233,666,549
$233,694,477
+0%
Fundraising
$0
$0
-
Total Expenses
$1,152,447,870
$1,178,202,544
+2%
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