American National Red Cross

Analysis

American National Red Cross is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in December 1938, 88 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, American National Red Cross reported income of $3.22bn and spending of $2.97bn, spending 92% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $2.84bn to $3.22bn (+13%), an average of +4.3% a year. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, American National Red Cross 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 DC. Charities of a similar size with the same main cause include AIDS Healthcare Foundation ($2.29bn), Feeding America ($4.92bn) and Presence Chicago Hospitals Network ($1.23bn).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 29% and program service revenue 67% of the total. Compensation of current officers, directors and key employees was $5.9m (0.2% of expenses). Other salaries and wages came to $1.18bn. It paid $452k in professional fundraising fees. At year end it held assets of $4.03bn against liabilities of $1.01bn, net assets of $3.02bn. It reported 17,420 employees.