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UK charity sector grows by 12%
Howard Lake | 15 June 2001 | News
The UK charity sector has grown by 12% in one year, according to the Top 3000 Charities 2001, published by CaritasData.
The assets of the top 3,000 charities in the UK have grown by 12%, from £58.7 billion in 1999 to £65.6 billion in 2000. These are the findings of the Dresdner RCM Global Investors Top 3000 Charities 2001, published by CaritasData. Some charities have enjoyed significant growth: the British Red Cross increased income from £24.7m to £37m and Save the Children Fund increased income from £30m to £35.1m.
Some of the figures, however, are misleading. The Victoria and Albert Museum for example appears to have enjoyed a massive jump from £4.4m in 1999 to £183m in 2000. However, this increase is down to an accounting change: it is simply the result of the transfer of the freehold of the V&A from government to the trustees.
Total income to the top 3,000 charities has grown, but by 4.4%, down from 8% the previous year.
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About Howard Lake
Howard Lake is consultant editor of UK Fundraising. He founded the site in 1994 and successfully sold it in 2022. As director of Giving X Ltd he is exploring growing giving on a massive scale.
He is the founder of Fundraising Camp and co-founder of GoodJobs.