Irish cancer charity income falls
Howard Lake | 1 August 2014 | News
Ireland’s largest fundraising charity, the Irish Cancer Society (ICS), saw its income decline by 6% in the last year, according to its latest annual accounts.
Total income was £20,225,000 in 2013, down from £21,524,000 in 2012. The charity generates 95% of its income from fundraising, with events, corporate fundraising, direct marketing and donations the main income sources.
In 2013 ‘activities for generating funds’ raised £16.1 million, down from £17.3 million the previous year. The charity’s most high profile event in this category, Daffodil Day, raised £2.7 million, down from £3.2 million in 2012.
Voluntary donations and bequests were also down at £2.6 million, from £3 million the year before.
The Irish Cancer Society has a significant shop network in Ireland which in 2013 generated £4 million (£3.9 million in 2012). After expenses of nearly £3 million the net income remained roughly the same year on year.
The charity also runs a lottery scheme which benefits from a declining subsidy from the government which amounted to £125,000 in 2013. In 2013 lottery sales amounted to £251,000, from £319,000 in 2012. After prize money and running costs, the net income for the lottery was £13,000.
Fundraising expenses last year amounted to £4.8 million, an increase on the previous year of £400,000.
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.