Charities set to lose £4bn in income, survey suggests

People at a meeting
Thursday, 2 April, 2020

Charities reported that they expect a 42% increase in demand for their services but a 48% decline in voluntary income, according to new research published on Monday 30 March.

  • Charities are reporting a projected loss of 48% to their voluntary income, and a third wiped off from their total income
  • 52% of charities have reduced existing or previous levels of service, with a further 12% intending to in the future.
  • 83% say that the most important thing for their organisation’s sustainability over the coming 3 to 6 months is access to emergency grant funding.
  • 84% of charities think their organisation could play a role in responding to the coronavirus outbreak, with the majority saying that government funding was needed to help them to do so.
  • 91% of charities surveyed have already or expect to have their cash flow disrupted, with 62% indicating that these would result in reduced charitable activity.

For more details and to read the whole report, see the Charity Finance Group website.

 

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