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Oxfam income rises

Business Desk |
Update: 2015-08-10 10:41:00
Oxfam income rises Photo Courtesy: thirdsector.co.uk

DHAKA: Oxfam’s annual income has risen to £401.4m, up £12m, despite the charity seeing a fall in money from its shops.

The 3% rise in total income in the year to 31 March included £100.8m from public fundraising, which rose 2.5%, according to Oxfam’s annual report, says the BBC.

But there was a 2.5% fall to £22.9m in shop income, which Oxfam blamed on a shortage of high quality donated goods.

Oxfam GB’s head Mark Goldring said the scale of disasters during the year had ‘stretched’ the organization.

The charity said it cut administration and fundraising costs during the period, with 84p in the pound now spent on emergency and development work, up 2p from the previous year.

In its annual report, Oxfam said that it responded to an unprecedented number of emergencies including the outbreak of Ebola in West Africa and ongoing conflicts in Syria and South Sudan.

It supported 8.1 million people across 39 humanitarian disasters over the year, providing clean water, sanitation and food, compared to 6.1 million across 24 emergencies in 2013-14, according to the report.

BDST: 2036 HRS, AUG 10, 2015
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