The Irish Heart Foundation’s (IHF) income in the financial year up to the end of December 2014 fell by nearly 25%, according to the most recent accounts.
Total income was just over €5 million in 2014, down from €6.8 million in 2013. The IHF receives the bulk of its income from a range of charitable fundraising activity.
In almost all income categories income was down. The charity’s most high profile event, Happy Hearts Appeal, was down from €320,000 in 2013 to €298,000. After costs net income for Happy Hearts was just over €30,000.
Charity walks and regional fundraising also showed considerable declines in income while a long time fundraising event for IHF, Skipathon, now costing considerably more to run than it brings in.
In 2014 bequest income nearly halved to €644,102. Under ‘other income’, IHF includes corporate fundraising, events, donations and its annual raffle which also fell, from nearly €4 million to just over €3 million.
IHF’s fundraising staff increased from 12 to 15 people in 2014.
IHF has net current assets of €5.1 million.
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