Research by Henley Management College into fundraising expenditure has found that charities' administration costs are 5% of total expenditure and 5% of total income.
Interim results of the research by Adrian Sargeant are based on 182 responses from the 500 top charities by income.
The research has thrown up one oddity in particular: 107 finance directors reported "no overhead costs associated with fundraising." Furthermore 10 of them reported no direct fundraising costs for their charities.
Read "Many charities spend 'nothing' on their fundraising operations" at Professional Fundraising.