I sympathize with your frustration with the American Red Cross, but please pay attention when posting financial information. The statement "It is $600,000,000 in debt" is incorrect.
The American Red Cross has $613MM in debt. But it also has $3.5BB in assets. In addition to the aforementioned debt, there are $1.2BB in additional liabilities, for total net assets of:
$1,672,466,000
Source: KPMG consolidated financial statement, June 30 2009.
The American Red Cross has $613MM in debt. But it also has $3.5BB in assets. In addition to the aforementioned debt, there are $1.2BB in additional liabilities, for total net assets of:
$1,672,466,000
Source: KPMG consolidated financial statement, June 30 2009.
http://www.redcross.org/www-files/Documents/pdf/corppubs/FY0...
There is an enormous difference between having debt and being in debt.