The number of charities with annual incomes of more than £10m has exceeded 1,000 for the first time, with such charities accounting for nearly three-fifths of the sector’s income, the latest Charity Commission data shows.
Statistics published on the regulator’s website show that there were 1,005 charities with annual gross incomes of more than £10m at the end of 2013.
Those 1,005 had a total income of £35.9bn, or 58 per cent of the total £61.4bn income of all registered charities in England and Wales.
In 1999, the first year for which information is given, there were 307 such charities, with their total income of £10.2bn making up just 43 per cent of the sector’s total income.
The data shows that the total number of charities at the end of 2013 was 163,709, only 354 higher than the total at the end of 1999. The figure has fluctuated in that time, with a low of 159,845 at the end of 2000 and a high of 169,297 at the end of 2007.
This summer, quarterly data released by the commission showed that the average income of registered charities had risen by 4 per cent over the year.