Report finds flatlining income at small charities
Small charities are being urged to act now to ensure their survival after a survey revealed flat levels of income.
The report ‘Taking the Pulse of the Small Charity Sector‘ says voluntary income for charities with maximum annual turnovers of £1.5m has risen by just 1 per cent since June 2013. Demand for services has increased by 91 per cent over the same period.
Pauline Broomhead, chief executive of the FSI (who published the report), said the findings suggested income was flatlining and “a ceiling in giving might have been reached”.
She added: “The work of small charities is vital and, if they are to continue to exist, it is imperative that trustees are investing in the skills of their staff and volunteers and looking at potential collaborations or mergers with each other.”
Broomhead said there had been a real increase in the number of charities considering mergers, with 22 per cent looking into it over the past year