According to an article the Washington Post:
"The American Red Cross said yesterday that it has depleted its national disaster relief fund and is taking out loans to pay for shelters, food and other relief services across seven Midwestern states battered by floods... On the cusp of hurricane season, Red Cross executives said the charity has raised just $3.2 million for the Midwest floods and painted a dire picture of its overall disaster relief finances. They said many donors are giving less because of rising gasoline and food prices and the collapse of the housing market. Also, the absence of a major U.S. catastrophe since Hurricane Katrina in 2005 has made it difficult to galvanize donors."
If you are trying to think of someplace to give funds, The American Red Cross could be a great recipient!