American National Red Cross
- Assets
- $4.0b
- Revenue
- $3.2b
- Investments
- $568.4m
- Employees
- 17,420
- Location
- Washington, DC
- Founding
- 12/1938
- Data as of
- 06/2023
- EIN
- 53-0196605
Organization Overview
American National Red Cross is located in Washington, DC. The organization was established in 1938. According to its NTEE Classification (P21) the organization is classified as: American Red Cross, under the broad grouping of Human Services and related organizations. As of 06/2023, American National Red Cross employed 17,420 individuals. This organization is the central organization for a national or regional group of organizations. American National Red Cross is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, American National Red Cross generated $3.2b in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $3.0b during the year ending 06/2023. While expenses have increased by 1.3% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE AMERICAN RED CROSS PREVENTS AND ALLEVIATES HUMAN SUFFERING IN THE FACE OF EMERGENCIES BY MOBILIZING THE POWER OF VOLUNTEERS AND THE GENEROSITY OF DONORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BIOMEDICAL SERVICES - SEE SCHEDULE O
DOMESTIC DISASTER SERVICES - SEE SCHEDULE O
TRAINING SERVICES - SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gail Mcgovern President & CEO | OfficerTrustee | 60 | $859,260 |
Jennifer Bailey Board Member | Trustee | 4 | $0 |
M Brett Biggs Board Member | Trustee | 2 | $0 |
David A Brandon Board Member | Trustee | 4 | $0 |
Carole L Brown Board Member | Trustee | 3 | $0 |
Herman E Bulls Board Member | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Generator Media Analytics Inc Marketing | 6/29/23 | $10,828,075 |
One & All Printing And Mailing | 6/29/23 | $25,620,362 |
Dropoff Inc Courier Service | 6/29/23 | $9,731,497 |
Mindtree Limited Consultant-it | 6/29/23 | $9,645,455 |
Capital Courier Services Llc Courier Service | 6/29/23 | $9,358,214 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $19,985,486 |
| Membership dues | $0 |
| Fundraising events | $13,734,241 |
| Related organizations | $0 |
| Government grants | $54,255,784 |
| All other contributions, gifts, grants, and similar amounts not included above | $831,150,868 |
| Noncash contributions included in lines 1a–1f | $16,877,496 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $919,126,379 |
| Total Program Service Revenue | $2,167,924,872 |
| Investment income | $76,827,242 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $25,402,149 |
| Net Gain/Loss on Asset Sales | $5,390,917 |
| Net Income from Fundraising Events | -$849,629 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,217,077,611 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $178,511,706 |
| Grants and other assistance to Foreign Orgs/Individuals | $86,040,732 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $5,947,262 |
| Compensation of current officers, directors, key employees. | $4,246,946 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,182,370,329 |
| Pension plan accruals and contributions | $96,553,377 |
| Other employee benefits | $155,804,306 |
| Payroll taxes | $87,718,348 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,205,564 |
| Fees for services: Accounting | $2,301,036 |
| Fees for services: Lobbying | $260,745 |
| Fees for services: Fundraising | $452,216 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $213,772,820 |
| Advertising and promotion | $18,497,293 |
| Office expenses | $100,868,356 |
| Information technology | $56,736,668 |
| Royalties | $0 |
| Occupancy | $67,376,935 |
| Travel | $66,215,742 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,204,514 |
| Interest | $22,447,533 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $81,325,558 |
| Insurance | $42,764,602 |
| All other expenses | $0 |
| Total functional expenses | $2,971,106,889 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $61,909,246 |
| Savings and temporary cash investments | $764,277,980 |
| Pledges and grants receivable | $52,502,795 |
| Accounts receivable, net | $253,440,731 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $61,511,308 |
| Prepaid expenses and deferred charges | $423,289,360 |
| Net Land, buildings, and equipment | $727,358,888 |
| Investments—publicly traded securities | $989,702,660 |
| Investments—other securities | $568,395,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $125,933,165 |
| Total assets | $4,028,321,133 |
| Accounts payable and accrued expenses | $317,597,402 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $512,708,726 |
| Other liabilities | $178,020,074 |
| Total liabilities | $1,008,326,202 |
| Net assets without donor restrictions | $1,370,457,094 |
| Net assets with donor restrictions | $1,649,537,837 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $4,028,321,133 |