CNBC published this video item, entitled “How The American Red Cross Makes And Spends Its Billions” – below is their description.
It’s the season of giving with Thanksgiving and Christmas on the horizon, and the American Red Cross has long been recognized as the universal symbol of humanitarian services. It’s an enormous and expensive operation. The American Red Cross has about 230 chapters nationwide with almost 18,000 employees and more than a quarter of a million volunteers, responding to more than 60,000 disasters every year. In 2022, the American Red Cross had net assets of about $2.7 billion and spent just over $3 billion in operating expenses the same year. So how exactly does the American Red Cross make and spend its billions?
Chapters:
01:35 American Red Cross
03:32 Finances
07:44 Transparency
Produced by: Juhohn Lee
Edited by: Nora Rappaport
Animation: Andrea Schmitz
Supervising Producer: Lindsey Jacobson
Additional Footage: Getty Images, American Red Cross, Library of Congress
Additional Sources: Nobel Prize, United States House of Representatives, Congressional Research Service
CNBC YouTube Channel
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About This Source - CNBC
CNBC is an American pay television business news channel owned by NBCUniversal News Group, a division of NBCUniversal, with both indirectly owned by Comcast. Headquartered in Englewood Cliffs, New Jersey, the network primarily carries business day coverage of U.S. and international financial markets. Following the end of the business day and on non-trading days, CNBC primarily carries financial and business-themed documentaries and reality shows.
Thanksgiving is best known as a holiday celebrated in the United States on the fourth Thursday of November every year, usually through feasting, parades and travel to see family and friends, though celebrations were scaled back during the 2020 coronavirus pandemic.
The roots of the modern celebration lie in settlers celebrating their arrival in the Americas in the early 1600’s. It has been a public holiday since 1941 due to federal legislation, an annual tradition in the United States by presidential proclamation since 1863 and by state legislation since the Founding Fathers of the United States.
Traditionally, Thanksgiving has been a celebration of the blessings of the year, including the harvest. What Americans call the “Holiday Season” generally begins with Thanksgiving. The first day after Thanksgiving Day—Black Friday—marks the start of the Christmas shopping season.
The United States is a country also known as the United States of America, USA, US or just America. There are fifty states in the union, which is a federal republic ruled by a representative democracy. Nearly ten million square kilometres are inhabited by over 300 million people. The majority of Americans speak English.
