Red Cross on Track to Erase Deficit by Next Year

She said the deficit will be whittled down to $135 million this year.

"People just come through for the American Red Cross," McGovern said. "So many people have been helped by the American Red Cross, they want to give. It's amazing."

The organization also made an unusual appeal to Congress last year that produced a one-time, $100-million infusion for its disaster relief program.