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American Red Cross FY09 Financial Results

American Red Cross FY09 Financial Results 2025

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The American Red Cross reported its fiscal year 2009 financial results, ending with net assets of $1.7 billion, total operating revenues of $3.3 billion, and expenses of $3.4 billion, resulting in an operating deficit of $33.5 million. Key figures include a total deficit of $887 million due to prior-year spend-downs and investment losses, alongside significant debt of $613 million. The organization has made strides towards financial sustainability but faces challenges ahead, particularly regarding its large debt and the management of long-term recovery funds from past disasters.

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Click ‘Get Form’ to open the American Red Cross FY09 Financial Results document in the editor.
Begin by reviewing the introductory message from the Chief Financial Officer, which provides context on the financial results and key figures for FY09.
Navigate to the 'Consolidated Statement of Financial Position' section. Here, you will find detailed information about assets, liabilities, and net assets. Fill in any required fields based on your analysis or notes.
Proceed to the 'Consolidated Statement of Activities' section. This part outlines operating revenues and expenses. Ensure you accurately input any relevant data or comments regarding revenue sources and expenditures.
Review the 'Statement of Functional Expenses' for a breakdown of program services and supporting services. Make notes or highlight areas that require further attention or clarification.
Finally, check the 'Notes to Consolidated Financial Statements' for additional insights into accounting policies and significant estimates that may impact your understanding of the financial results.

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What is the budget of the American Red Cross?

The American Red Cross has long been recognized as the universal symbol of humanitarian services and its 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.

Is the American Red Cross a legitimate charity?

Accredited Charity American Red Cross meets the 20 Standards for Charity Accountability.

How successful is the American Red Cross?

One of the leading watchdog organizations, Charity Navigator, gives the Red Cross its highest overall rating four stars. The Red Cross also meets all 20 BBB Wise Giving Alliance standards of accountability, and has earned the Platinum Seal of Transparency the highest available seal from Candid/GuideStar.

Is Red Cross an honest charity?

One criticism of American Red Cross services to the military stems from stories about ARC charging troops during the Second World War and Korean War token fees for comfort items such as toothpaste, coffee, donuts, and cigarettes and for off-base food and lodging.

What percentage of donations go to the American Red Cross?

The person accepting the money would count out ten cents and set that aside. On average, the remaining 90 cents of every dollar we spend is invested in delivering care and comfort to those in need.

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