Survey Reveals Growing Gap In Charities' Finances

A survey conducted by The Wheel to measure the effects of the recession on community and voluntary organisations, has revealed a drop in organisations' statutory funding and other sources of income, during the first six months of 2009.

Of the 146 organisations that responded to The Wheel's survey, 75% reported a fall in their overall income, while 67% reported a reduction in the amount of statutory funding they received. Nearly 60% have suspended or delayed projects during the same period due to financial considerations.

The survery also found that organisations are responding to the drop in income by cutting costs in the areas of human resources and administration, and nearly 22% have made staff redundant since the beginning of the year.

On a brighter note: 48% do not believe that their finances will deteriorate any further this year.

Download a synopsis of the results here.

Update: read an article about The Wheel's survey in The Irish Times.

About The Wheel

The Wheel is a support and representative body connecting community and voluntary organisations and charities across Ireland. Established in 1999, The Wheel has evolved to become a resource centre and forum for the community and voluntary sector.