The results of a Charities Aid Foundation (CAF) poll released this week have painted a worrying picture of the Third Sector as it struggles to beat the current economic crisis.
The survey questioned 322 voluntary organisations and charities about how they were coping with the biting recession:
· 41% have received less funding in the last three months than usual.
· 60% had looked to their savings to meet this shortfall.
· Corporate income was flagged up as the worst hit source of funding and donations.
· 50% of organisations are expecting a continuing decline over the next twelve months.
As might be expected, over half (51%) of all charities and voluntary groups whose services help people to deal with the effects of the recession have seen a demand for their input increase over the last three months. Such statistics serve to confirm the centrality and importance of the Third Sector in helping the country weather the current economic storm, unmistakably marking them as a “last safety net” for those in need.
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Source: Charities Aid Foundation