We recently discussed how America continues to reflexively rely on the Red Cross to provide disaster relief despite mounting criticism of the organization.
As interest in the organization grows, we looked into Red Cross's financials to see what we could find.
Okay, we basically just want to know how much these guys are getting paid.
In 2010, top executive compensation looked like this:
Executive director Gail McGovern made $561,210
EVP for biomedical services James Hrouda made $621,779
Biomedical services president Shaun Gilmore made $573,933
Here is the full compensation table, via Guidestar, from 2010.
We recently discussed how America continues to reflexively rely on the Red Cross to provide disaster relief despite mounting criticism of the organization.
Total executive comp came to $4.5 million.
That may seem like a lot, but you have to ask what kind of organization you're comparing the Red Cross to. Most would regard them as a charity, but others might say they're more akin to a large, complex organization that competes with corporations for talent.
In 2010, the Red Cross finished its fiscal year with revenues of about $3.6 billion in revenue (Line I-12).
As far as 501(c)3s, that puts it on par with mega hospital networks, not goodwill organizations.
THIS. I have no problem sending a portion to help, but I haven't cared much for the American Red Cross since I learned how much the officers earn.
more. Making donations easier to do.