St Vincent de Paul income up
Howard Lake | 12 December 2014 | News
Voluntary income for Ireland’s largest social welfare charity St Vincent de Paul (SVP) increased by nearly 5% last year, according to the organisation’s latest accounts.
Total voluntary income was €47.8 million in 2013, up by €2.3 million on the previous year. Total organisation income, which includes grants from the Irish government, was €82.2 million, an increase of €4.5 million on 2012.
A significant proportion of SVP’s fundraising takes place around Christmas, including its biggest fundraiser, the Annual Appeal, while most of its grants to needy people are also distributed at this time of the year.
[youtube height=”450″ width=”800″]https://www.youtube.com/watch?v=areZY-ZHY04[/youtube]
SVP traditionally relied heavily on church collections for most of its income but this source now accounts for less than 25% of total voluntary income . However, it is still raised €10.4 million last year from church collections, down from nearly €11 million in 2012.
Donations was the biggest source of voluntary income in 2013 at €23 million, nearly a €3 million increase on the previous year. SVP confirmed itself as the biggest recipient of charitable legacies in Ireland with an income of €7.5 million, an increase of nearly a half million on the previous year.
SVP’s 11,000 members, who form the backbone of the charity’s fundraising operation, also contributed €252,000.
Fundraising costs fell from €990,000 to €823,000 in 2013.
SVP operates an all Ireland structure and its accounts include income from Northern Ireland. SVP has net funds of €73 million.
About Howard Lake
Howard Lake is consultant editor of UK Fundraising. He founded the site in 1994 and successfully sold it in 2022. As director of Giving X Ltd he is exploring growing giving on a massive scale.
He is the founder of Fundraising Camp and co-founder of GoodJobs.