Perspective Newsletter

Perspective
Newsletter

If you would like to receive Perspective - our monthly newsletter – which brings you all of our latest news and views as well as interviews and opinion pieces then please follow the link below...

Read more

Charities 'need more balanced revenue stream'

21 June 2013

Not enough charities have a balanced revenue stream. 

This is the opinion of Simon Teasdale, a research fellow at the University of Birmingham's Third Sector Research Centre.

Speaking at the Charity Finance Group Northern Conference, he warned charities need to "diversify" their sources of income if they are to generate better results, news website ThirdSector reports. 

Mr Teasdale said he and fellow academics have carried out research into charity revenue streams and found few organisations manage to successfully raise money from both commercial and voluntary sources.

"We found that as commercial revenue goes up, income from grants and donations tends to fall", he stated.

Mr Teasdale believes charitable organisations often struggle when trying to mix more than once source of income and prefer to "put all their eggs in one basket".

He warned "very few" charities currently have balanced revenue streams and as organisations become increasingly dependant on government funding, they run the risk of losing the public's trust.

Odgers Interim are UK leaders in Interim Management solutions for the Public Sector. We have offices in London, Birmingham, Leeds, Manchester, Glasgow, Aberdeen and Cardiff as well as over 50 offices globally. We are the only Interim Management providers who are part of a top tier international executive search firm. We work closely with our executive search colleagues to find candidates who can offer short term solutions with long term benefits. www.odgersinterim.com


Categories: Commercial

Comments

No comments have yet been posted, be the first to comment by using the form below:

*
* CAPTCHA
*