Concern income down by €3 million
Howard Lake | 1 December 2010 | News
Development charity Concern Worldwide’s income in 2009 was down nearly €3 million on the previous year, according to its annual report. Total income for 2009 was €129,421,000 and €132,298,000 in 2008. Income would have been lower by €8.8 million in 2009 but for the disposal of a subsidiary organisation.
One of the biggest falls in income was in the area of voluntary fundraising which dropped from €53.6 million to €44.8 million. The value of donated goods increased but grants from government and trading activities both declined.
Within the voluntary income category, committed income held up at €23 million but legacy income declined from €4.5 million to €2.7 million, while corporates, major donors and trusts fell from €7.6 million to €4.2 million. Public appeals also fell to €14.3 million from €16.7 million.
Concern receives significant income from foreign governments and international organisations such as the UN and this source increased to €14.7 million from €11.2 million. Funding from the Irish government, however, fell from €26 million in 2008 to €20.8 million in 2009.
The charity reduced the cost of generating its income from €12.3 million to €11 million.
The above figures are derived from the consolidated accounts of Concern in Ireland and the UK. Income within the UK actually increased from €13.2 million to €14.5 million, due largely to increased government funding.
www.concern.net
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.