More than one in five charities have less than a month’s financial reserves
Posted on: November 19, 2020
More than 20 per cent of charities have less than a month’s worth of expenditure in reserve, new research has found.
A paper by David Clifford of the University of Southampton and John Mohan of the Third Sector Research Centre at the University of Birmingham says that of the approximately 12,700 charities in England and Wales studied, 21 per cent held less than one month’s spending in reserve.
About 10 per cent of charities in the sample held virtually no reserves, the paper says.
Read the full article here.