Monday, April 08, 2013

Income entry point for top 100 charities falls for first time in 23 years

Income entry point for top 100 charities falls for first time in 23 years: The minimum income requirement for membership of the Charity 100 Index has fallen for the first time since the Index was launched in 1990, suggesting that even the biggest charities are feeling the pinch from the recession.

The Charity Index Index, compiled by Charity Finance magazine, ranks charities by the average of their last three years’ total income. The constituent review for charities with financial years up to and including 31 March 2012 shows that the minimum entry requirement is a three-year average income of �48.7m, 2

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