Pro Bono Economics, Chartered Institute of Fundraising (“CIoF”) and the Charity Finance Group have reported that 75% of charities are expecting higher demand next year, whilst 83% are forecasting a reduction in income.
I encourage you to download the free report (no registration necessary) which is based on a survey in November, as it should help you to focus your planning for the next 12-18 months.
The report finds that the 5 key pressures are:
- Pre-pandemic problems: prior to COVID-19, charities were already experiencing rising demand for their services
- Direct consequences of COVID-19: the pandemic has led to an increase in demand for services
- Build-ups and backlogs: existing demand has not been fully met as social distancing measures and other restrictions cause delay
- Spillover effects: the worsening economic situation will lead to increasing demand in the short and medium term
- Shrinking supply: charities will be asked to satisfy more demand as other services are closed or reduced
The full report (an easy read at just 25 pages with lots of infographics) is available here.