American Red Cross (Nashville Area Chapter)
Fiscal Year
Fiscal Year Start
07/01/2023
Fiscal Year End
06/30/2024
Projected Revenue
$3,812,765.00
Projected Expenses
$3,812,765.00
Organizational Budgets and Other Documents
IRS Letter of Exemption
| american red cross-nashville area chapter irs ltr |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Revenue | $3,182,229,338.00 | $2,907,386.00 | |
| Total Expenses | $3,048,182,336.00 | $2,751,585.00 | |
| Revenue Less Expenses | ($-0.00) | $134,047,002.00 | $155,801.00 |
Revenue Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Foundation and Corporation Contributions | $0.00 | $564,888.00 | |
| Government - Federal | $0.00 | $0.00 | |
| Government - State | $0.00 | $0.00 | |
| Government - Local | $0.00 | $0.00 | |
| Government - Unspecified | $44,423,398.00 | $128,137.00 | |
| Contributions, Gifts, and Grants | $962,822,080.00 | $0.00 | |
| Indirect Public Support | $22,148,682.00 | $33,521.00 | |
| Earned Revenue | $2,055,602,317.00 | $2,049,778.00 | |
| Investment Income, Net of Losses | $48,705,403.00 | $44,551.00 | |
| Membership Dues | $0.00 | $0.00 | |
| Special Events | $12,841,867.00 | $0.00 | |
| Revenue In-Kind | $17,322,590.00 | $0.00 | |
| Other | $18,363,001.00 | $86,511.00 |
Expense Allocation
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Program Expense | $2,761,440,849.00 | $2,489,360.00 | |
| Administration Expense | $97,856,771.00 | $89,535.00 | |
| Fundraising Expense | $188,884,716.00 | $172,690.00 | |
| Total Revenue/Total Expenses | 104% | 106% | |
| Program Expense/Total Expenses | 91% | 90% | |
| Fundraising Expense/Contributed Revenue | 6% | 6% |
Top Funding Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | $0.00 | Program Revenue $2,055,602,317.00 | Program Revenue $2,049,778.00 |
| Second Highest Funding Source & Dollar Amount | $0.00 | Contributions, Gifts, and Grants $962,822,080.00 | Foundation and Corporations $564,888.00 |
| Third Highest Funding Source & Dollar Amount | $0.00 | Investment Income, $48,705,403.00 | Government Grants $128,137.00 |
Assets and Liabilities
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $3,872,181,875.00 | $3,266,899.00 | |
| Current Assets | $1,504,902,371.00 | $1,002,677.00 | |
| Long-Term Liabilities | $517,649,848.00 | $987,858.00 | |
| Current Liabilities | $654,241,929.00 | $466,826.00 | |
| Total Net Assets | $2,700,290,098.00 | $1,812,215.00 |
Endowment Info
Do you have an endowment?
No
Capital Campaign Info
Are you currently in a Capital Campaign?
No
Do you anticipate a campaign in the next 5 years?
No
Solicitation Permit Info
State Charitable Solicitations Permit
Exempt
Solicitations Permit
Form 990s
Audit Documents
CEO/Executive Director/Board Comments
| For the American National Red Cross, monetary contributions from corporations, individuals and foundations rose 6 percent over FY15. (This doesn't reflect international disaster fundraising activity, which was down due to a drop in international disasters.) Total operating expenses dropped by over $175 million largely driven by efficiencies in our operations, systems and administrative costs. The American National Red Cross has the necessary cash on hand to continue delivering services to the public, even though our financial statements show certain long-term assets declined and liabilities increased in FY16. |
Foundation Staff Comments
| The Red Cross is Exempt from Charitable Solicitations. **The Red Cross has gone through a national and regional re-organization in recent years; therefore, their tax documents and audits reflect different geographical areas for those years.** Prior to 2013, financial data on specific chapters came from internal documents provided by ARC. Asset and liability information not provided. In FY2013, financial data displayed in charts and graphs represents the Tennessee Volunteer Region and is taken from the full Audited Financial Statements. In 2014, a region-specific attachment to the audit was not available. The GivingMatters.com staff has been instructed by the ARC to use NATIONAL numbers moving forward. Beginning in 2014, data taken from National Audited Financial Statements. Red Cross chapters are not required to file individual 990s or conduct separate audits. Audited financial statement prepared by KPMG, LLP. Comments provided by Hayley Sulfridge 8/3/23. |
