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Charities struggle in recession

Posted on 26. May, 2009 in General News

Charities ability to carry out vital work is being undermined by a huge fall in the level of donations. More than half of them have been affected by the economic downturn according to data published by the Charity Commission, with a third putting in measures such as dipping into reserves, reducing staff and increasing fund raising.

Oxfam, which derives 80% of its income from its 714-strong network of shops, has announced a 12% fall in the number of donations being received – the first drop in eight years.

The impact of the financial downturn on charities has widened and deepened, with many facing the double whammy of falling income and increasing demand for services.

Source: Daily Express 24-05-2009

Tags: Recession