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Financial Statements For The American Red Cross

324 Words2 Pages
I reviewed the financial statements for the American Red Cross, a well-known not-for-profit organization. Based on their statements, the main source of revenue comes from contributions, which include individual and corporate donations, foundation grants, and legacies (The American Red Cross, 2022). While these contributions cover a significant portion of their program and support expenses, the Red Cross also generates revenue from products and services, contracts, investment income, and other sources to fund the remainder of their expenses. I do believe that the American Red Cross’ revenue and expense model is effective and financially sustainable over time. Its scalable fundraising capabilities, strong brand, and reputation guarantee a constant
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