Charity shops post slowest growth in over a decade
The last year saw the slowest growth in the the charity retail sector in more than a decade, according to figures published in the Charity Shops Survey 2015.
The exclusive research will be published on 1 October by Charity Finance and Fundraising Magazine, the sister titles of Civil Society News. The annual survey has tracked charity shops’ income and profit over the last 24 years.
Among charities completing the survey both this year and last, income rose by 2.6 per cent, while profit is up just 1.4 per cent.
The figures refer to charities’ latest financial years, which are mostly to December 2014 or March 2015.
The growth in profit is the smallest in the last decade. In 2006, profit rose by 3.2 per cent, and since then charities have enjoyed annual profit growth of up to 14.3 per cent.