Charities face £12.4bn shortfall in income for year Due to Impact from Cornoavirus

Press release from Institute of Fundraising (IoF) 19th June 2020:

New findings on the impact of coronavirus on the charity sector.

The Chartered Institute of Fundraising (IoF) and Charity Finance Group (CFG) say today that charities are facing a huge predicted loss to their income as they continue to grapple with the impact of the coronavirus pandemic and continued social distancing measures.

The analysis comes following the publication today of the results of a recent survey of charities reporting financial loss and reforecasting of income for the year ahead. On average, respondents to that survey reported that they were expecting a reduction of 24% to their total income for the year, which would mean a £12.4bn loss of income if the average was applied to the sector as a whole.

To read the full press release, please click here.

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