2006-07-22 19:16:49 · 6 answers · asked by Optimistic 6 in Business & Finance ➔ Corporations
Nope.
It is mearly a tax clasification.
No charitable organization can survive unless it makes a profit.
However, They do have limits on how much they can be in the red.
They cannot accumilate cash. They must spend it.
2006-07-22 19:22:25 · answer #1 · answered by iggwad ™ 5 · 9⤊ 3⤋
the red cross has helped more people than any other non profit organizations
2006-07-23 02:19:00 · answer #2 · answered by ? 4 · 0⤊ 0⤋
YES. According to the irs it's called a 501(c)3 status. Meaning they are not in business to conduct business for a profit to distribute to shareholders.
2006-07-23 03:10:29 · answer #3 · answered by Axiom 3 · 0⤊ 0⤋
everyone that is in the red cross is a volunteer. they work for free. and if people didn't give them money and blood then they wouldn't be able to help others who are in need.
2006-07-23 02:21:24 · answer #4 · answered by maharet3am 3 · 0⤊ 0⤋
i think they are a subsistent organisation-they take just enough to get what is needed to run it. Best answer goes to the guy above me-he has research backing his answer up.
2006-07-23 07:40:30 · answer #5 · answered by zephyrescent 4 · 0⤊ 0⤋
i dont think so.. no one works for free.. they must make something.. if not then it must be gov't funded.. im not really sure lol
2006-07-23 02:20:04 · answer #6 · answered by neonfreak20 1 · 0⤊ 0⤋