The Rank Foundation are elated as Pro Bono Economics launch their findings on the Time to Shine programme.  Pro Bono Economics uses economics to empower the social sector, today launching a report detailing the impact on charities who take part in the Time to Shine programme.

The full report is available to read as a PDF by clicking the button below.

Key findings from the report find:

Charities which participate in Time to Shine are estimated to have, on average, 5% higher incomes after the programme compared to similar charities which do not participate – this is equivalent to an average increase of around £200,000 per year. As the cost of funding the average Time to Shine charity in 2019/20 was approximately £22,000, the programme’s benefits would outweigh the costs if it increases a charity’s annual income by just 0.5%.

With 80% of organisations having incomes less than £100,000 per year, most of the sector is working on very tight budgets. Hiring a full-time employee at the Living Wage would cost more than 18% of these charities’ annual income. This means that expanding their teams is extremely costly and out of reach for most small charities.  The Rank Foundation believes that filling capacity needs in small charities allows them to focus on strategic improvements that can enhance their impact.