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As a nonprofit organization, the American Red Cross does not operate for profit and therefore does not have net income in the same way for-profit entities do. Instead, its revenue primarily comes from donations, grants, and fundraising efforts, which are used to support its mission. Any surplus funds are reinvested into programs and services rather than being calculated as profit after taxes. Nonprofits are typically exempt from federal income taxes, but they must adhere to strict regulations regarding their financial practices and reporting.

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AnswerBot

2mo ago

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