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Emergency Covid-19 funding boosts income for highest entrants in Charity Finance 250 Index

03 May 2022 News

The two highest new entrants to the Charity Finance 250 Index both gained their places after emergency Covid-19 funding boosted their income.

UK Community Foundations is this year’s highest new entrant to the Index.

The umbrella organisation’s income for the year to 31 March 2021 totalled £83.2m as a result of £73.6m funding from the National Emergencies Trust’s Covid-19 Appeal.

In the past five years its income has ranged between £10m and £15m.

It enters the Index at position 141, with three-year average income of £36.5m.

The emergency funding was used to make around 1,500 grants to the 47 UK accredited community foundations that constitute its membership, which in turn make smaller grants to organisations in their local communities.

The second highest new entrant (in position 145) was the Corra Foundation, with three-year average income of £36.1m.

In the year to 31 December 2020 the grantmaker saw its income almost triple from £22.1m to £59.6m, as a result of £34.8m of Covid-19 emergency funding largely from the Scottish government, which enabled it to reach over 1,191 new community groups.

IVCC

The third new entrant, which joins the Index at position 149, based on three-year average income of £35.7m is IVCC, which aims to preventing insect-borne diseases and tackle the growing threat of insecticide resistance.

IVCC was established in 2005, through an initial US$50m grant to the Liverpool School of Tropical Medicine from the Bill & Melinda Gates Foundation.

Since then it has broadened its funding streams to include research grants from the UK and US governments and from the international Swiss-based health initiative Unitaid and grown its income steadily to £39.4m at 31 July 2021.

Charities dropping from Charity Finance 100 Index

There are eight charities which appear in the 250 Index having fallen from the Charity Finance 100 Index this year. These (with their new 250 Index positions shown in brackets) are: Masonic Charitable Foundation (1), Education Development Trust (3), Prince’s Trust (5), Fusion Lifestyle (7), Children’s Investment Fund Foundation (UK) (9), Sense (11), Royal Shakespeare Company (14) and the Royal Parks (17).

Membership of both the 100 and 250 Indexes is reviewed every spring to take into account income fluctuations, new charities and charities for which it had previously not been possible to obtain a three-year run of audited accounts.

Income data is extracted from accounts with financial year-ends up to and including 31 March 2021, with the index ranking based on average total income over the last three years.

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