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Charity sector daily income rose to £206m in 2016-17

Melanie May | 15 February 2018 | News

The 2016-17 financial year saw the charity sector generate £206m a day: up £11m on the previous year, according to new figures from Charity Financials.
Charity Financial’s Charity Income Spotlight Report shows that daily income rose from £195 million in 2015-16 to £206m a day in 2016-17. Overall, total charity sector income reached £75.31 billion in the last financial year, up from £71.24 billion in 2015-16: an annual growth of 5.7%.
Inflation adjusted income growth has fallen by more than 2% since 2013-14 however, although according to Charity Financials, even if growth falls by 1% a year, the sector will still increase its annual income to £94 billion by 2023.
Growth of the sector is primarily from the largest organisations (those with income exceeding £10 million), which increased their income by more than 10% in 2016-17. The UK’s largest 1.3% of charities collectively generate nearly £55 billion annually and the remaining 98.7% generate just £20 billion.
The biggest charities also generated £1.7 billion annual surplus.
Largest charities by income:

Income by cause:

The report examines charity income using two data sources; the Charity Financials database, which focuses on the largest 5,000 charities in the UK based on their total income, total expenditure and total funds/net assets. This is supplemented with data supplied by the Charity Commission on every other charitable organisation that is registered in England and Wales.
 
 
 

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