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    RagMaN Ben's cred: 107
    Posted 10:26 pm PDT 10/30/12

    The CEO makes just over 500k a year....
    and you can see they spend most of their money on medicine...not helping flood victims.
    Biomedical services 2,195,108,000
    International relief and development services 340,106,000
    Domestic disaster services 282,974,000
    Health and safety services 203,735,000
    Community services 90,558,000
    Services to armed forces 57,403,000
    Total Program Expenses: $3,169,884,000

    http://www.bbb.org/charity-reviews/national/human-services/american-red-crosbaconn-washington-dc-679/programs

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    korpo53 Ben's cred: 87
    Posted 11:29 pm PDT 10/30/12

    1) For the CEO of a $3.5bn/yr corporation, half a million is a relatively modest compensation package. The $561k she makes is the total compensation package, which includes benefits and expenses and everything else. CEOs don't work for free any more than I do.

    2) I don't think the ARC has ever claimed to be specifically a flood-relief organization--they help with whatever happens to be needed in that particular year. The "spend most of their money on medicine" part is, as noted, biomedical services. That is, collecting and distributing donated blood to hospitals and the like.

    3) Per the link you provided, they spend 92% of their budget on relief type things, 4% on overhead to raise those funds, and 4% on admin expenses (salaries, running a business, etc.). In comparison, the Salvation Army distributes 84%, Amnesty International is at 80%, the USO is at 88%, the United Way is at 89%... The ARC is consistently one of the most efficient charities out there.

    4) What do you have against the ARC?

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    dave_c Ben's cred: 3433
    Posted 2:13 am PDT 10/31/12

    Then the question on my mind becomes, to what extent was flood relief more or less important than their other services during the period for the linked report which was 6/30/11 through 6/30/12.

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    ironbadge Ben's cred: 333
    Posted 4:19 pm PDT 10/31/12

    ARC CEO makes $500K a year? WOW. Damn.

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