THE LEVEL OF RESERVES IN FUND-RAISING CHARITIES |
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Abstract: | Sources of financial resources are considered as one possible classification scheme for non-business organisations. Under this scheme, fund-raising charities are distinguished by their dependence on donation and grant income. Donors are more willing to give for direct charitable service than for 'back-up' use such as administration and reserves. The level of reserves of the 50 largest fund-raising charities relative to their revenue expenditure is shown to have a wide dispersion, but with clustering of charities engaged in certain types of operations. |
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