JustGiving raised over £450m last year, according to latest accounts

13 Jul 2017 News

JustGiving’s accounts for the last financial year show that it raised over £450m for charities, an increase of 13 per cent on the previous year.

Accounts for the year ending 31 December 2016 also show that the digital giving platform posted a profit of £843,000 - its first for several years. In the previous year, JustGiving posted overall losses of over £3.7m.

Total turnover of JustGiving in 2016 was £24.9m, an increase of over £3.3m. The majority of this increase was seen in the United Kingdom, although turnover in the “rest of the world” increased to over £400,000 – a 94 per cent increase on the previous year.

JustGiving attribute this rise to its acquisition of JustGive Inc – a US non-profit organisation – which allowed “the two parties to work closely together to enable all US non-profits” to use JustGiving’s fundraising tools.

The accounts also showed that JustGiving finished the year with over £5.2m worth of cash and cash equivalents, compared with around £2.6m in 2015.

In an interview with Fundraising Magazine, Anne-Marie Huby, managing director of JustGiving said that the platform had raised over £50m through crowdfunding campaigns in 2016 and predicted that area of the market would continue to grow.

The organisation’s accounts were published on Companies House around two weeks before US-based cloud software company Blackbaud announced it had agreed to purchase JustGiving for an aggregate price of £95m, subject to a “customary regulatory review”.

At the time, a JustGiving spokesman said that the acquisition wouldn’t see the platform’s team in the UK change and said that both Huby and co-founder Zarine Kharas remain involved in the organisation moving forward. 

 

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