Sen. Grassley Asks Red Cross to Explain Its Finances
Sen. Charles Grassley has asked the American Red Cross to explain how it calculates figures showing how much of a donated dollar goes to services after recent media reports uncovered apparent discrepancies in how the organization portrays its overhead costs.
A joint investigation by ProPublica and NPR said that while the organization regularly says it puts 91 cents of every donated dollar into services, that figure is inaccurate. The news organizations said that the Red Cross failed to provide an accurate estimate when questioned.
- Companies:
- American Red Cross
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