Charity shops' profits increase in first quarter

Charity shops' profits increased in the first quarter of 2010, despite sales falling off for many, new data from the Association of Charity Shops suggest.

The Association has collected quarterly sales data from its members for some time.

This year - for the first time - it has also started to collect data on reported profits.

On average, income for January-March was only marginally higher (0.4%) than for the same quarter in 2009. But, the same charities reported profits were about 8% up for the quarter. Some charities saw a slight fall in sales.

David Moir, head of policy & public affairs at the Association, said: "This is the first time we have collected profits data in this way, so we need to treat these figures with some caution. But increased charity shop profits - that is, vital funds raised for charity - are very welcome, at a time when demand for charity services is high".

Typically, charity shop sales are on a par with, or ahead of, wider retail sales figures, but - for the first quarter 2010 - charity retailers did less well than others on the high street.

Moir added: "Like other retailers, charity shops took a real hit from the poor weather early on. These sales figures suggest charity shops were perhaps hit a bit harder. So, the fact that they increased funds raised is excellent news ".

    Share Story:

Recent Stories


Charity Times video Q&A: In conversation with Hilda Hayo, CEO of Dementia UK
Charity Times editor, Lauren Weymouth, is joined by Dementia UK CEO, Hilda Hayo to discuss why the charity receives such high workplace satisfaction results, what a positive working culture looks like and the importance of lived experience among staff. The pair talk about challenges facing the charity, the impact felt by the pandemic and how it's striving to overcome obstacles and continue to be a highly impactful organisation for anybody affected by dementia.
Charity Times Awards 2023

Mitigating risk and reducing claims
The cost-of-living crisis is impacting charities in a number of ways, including the risks they take. Endsleigh Insurance’s* senior risk management consultant Scott Crichton joins Charity Times to discuss the ramifications of prioritising certain types of risk over others, the financial implications risk can have if not managed properly, and tips for charities to help manage those risks.

* Coming soon… Howden, the new name for Endsleigh.