What is the financial impact of COVID-19 on small UK charities working in international development? (September 2020)
This survey includes responses from 100 small UK charities/nonprofits, working overseas.
This latest survey builds on the June iteration, but goes deeper into the financial impact COVID-19 has had, and continues to have, on these charities.
Key Findings:
85% of organisations expect COVID-19 to have a negative impact on their income this financial year relative to pre-crisis expectations. Almost a third (30%) expect an income drop of more than 50%.
On average, organisations are facing a 33% loss in income. Events income has been the biggest loss (31% of organisations), followed by individual giving (22%), then Trusts & Foundations grants (15%).
Over a third (37%) have less than three months of free reserves (unrestricted and non-designated funds), suggesting many will struggle to cope as the crisis continues.
Over half (53%) launched a public appeal for support. A third (33%) reached out to current funders to request flexibility on spend/delivery/reporting. 29% have developed a new income stream.
10% have made redundancies as a result of COVID-19.
Only 10% of organisations used the Coronavirus Job Retention Scheme (furlough) between March and July. Over half (51%) were not eligible for the furlough scheme, reflecting the volunteer- led nature of many organisations.
