How the American Red Cross makes and spends its billions
11:46
CNBCJuhohn Lee,Lindsey Jacobson
How the American Red Cross makes and spends its billions
The American Red Cross has long been recognized as the universal symbol of humanitarian services — and it's an expensive operation. In 2022, the American Red Cross had net assets of about $2.7 billion and spent just more than $3 billion in operating expenses the same year. But the sheer size of its budget has also raised concerns over the ...
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