Charity income up 2.8% in 6 months to Sept 2015
Published: Wednesday 18 November 2015 - 11:00
Third sector finances remain robust according to the findings of the new Charity Income Spotlight report, sponsored by M & G Investments, produced by Charity Financials.
One of the key findings in this new report shows that the charity income index continues to show sustained growth, income up 2.8% in the six months to the end of September to bring it to 115.7, from a baseline of 100 at the start of 2013. The combined income of almost 153,000 charities filing accounts with the Charity Commission over the period hit £70 billion for the first time.
Other key findings include:
- Adjusted for inflation, income is still up 2.5% on March (with the index at 109.3), and income is now £5.8 billion higher in real terms (a rise of 11.6%) since the index began. Encouragingly, we have now seen 16 months of continuous growth.
- Recent growth is driven by existing charities, with new entrants bringing relatively little money to the sector over the six months. It is also broadly spread across income sources.
- Voluntary income leads the way in terms of growth 3.1%, rebounding from a 1.7% drop in our last report, but fundraising, investments and charitable activities all show similar increases
- Charities with income of £50 million+ have experienced largest growth
- Income growth among charities is strong, with increase of 2.8%, more than double the 1.2% increase in the same period last year