Software and services company IRIS NFP Solutions has attracted over 50 new charity sector clients in the first half of 2010. According to its research, charities and membership organisations are investing in its donor and member strategy and volunteer management systems in order “to streamline their processes and identify alternative sources of funding”, in response to the current uncertain financial climate.
Last month IRIS NFP carried out research amongst over 100 UK not-for-profit organisations and found that half expected their income to decrease as a result of Government spending cuts. Just 4.8% expected to see a rise in the levels of income they were able to generate. Nearly 20 percent of organisations (19.3%) expected to see their revenues drop by more than 10% over the next three years.
The research reflected concerns voiced since the credit crunch began that charities would end up with a greater burden yet lower incomes. IRIS NFP found that 81.3% of the organisations surveyed believed that cuts in Government spending, reduced Local Government services and public sector job losses would increase the burden placed upon not-for-profit organisations. As a result of this, 76% of ‘third sector’ organisations are currently looking for alternative sources of funding.
New clients for IRIS NFP in the past six months include Woodland Trust, Mind, The Art Fund and The Royal College of Surgeons of England. Smaller organisations have also signed up including the British Property Federation, the National Children’s Orchestra, the Union Jack Club, Nottingham High School and the University of Southampton.
Dale Thomas, Managing Director of IRIS NFP Solutions, said: “What we are seeing here is a determined effort on the part of NFP organisations of all sizes and in all sectors to make their processes and operations as efficient as possible, and to better manage their existing relationships with both donors and volunteers.
“We are delighted to be working with our NFP customers to identify new and innovative ways to maintain existing relationships and identify and target new sources of income, whether that be through grants, more formal corporate relationships, or by taking advantage of new online and social media channels.”
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