Complex sentence: In 1998, they held the first Cracked Xmas in Los Angeles, in 2001, a New York City-based annual event was added using entertainers to raise financial resources for the organization.
Split into simpler sentences: In 1998, they held the first Cracked Xmas in Los Angeles. In 2001, a New York City-based annual event was added using entertainers to raise financial resources for the organization.