dear hippy,
let’s see ... I was a bookkeeping student at one time in my life:
Total Revenue 2,974,133,836.00
Total LIABILITY 1,577,198,700.00
REVENUE MINUS LIABILITY EQUALS PROFIT: $1,396,935,136.00
How can The Red Cross, which has been advertised as a NONPROFIT ORGANIZATION, for years, make a PROFIT of over ONE BILLION DOLLARS?????
Actually they have other liabilities (office costs, travel, advertisement, etc.). The Red Cross actually ran in the red that year but had other assets and endowment funds to make up for the remainder.
See the form 990 (at the link I provided in pdf format) for more detail. All I was saying was that wages were approx. 7 times the amount of grants. If I had a couple or three TRILLION dollars, I bet I could help a lot more people than the Red Cross even comes close to.
Thanks for your interest.
Regards,
HLB
By the way, I tried to reconstruct my pathway to ensure correct addressing. My link goes to a dead end, sorry.
This is better:
https://projects.propublica.org/nonprofits/organizations/530196605
(at their website select “2014 , Download Form 990”)
Total form is 87 pages long and has much detail.
Regards,
HLB