The combined voluntary income of large charities fell by 10.8 per cent in real terms between 2007 and 2009, while medium-sized charities saw their combined voluntary income rise by 2.2 per cent, according to new figures from the Charities Aid Foundation.
The combined income of large charities, defined as those with annual incomes of more than £10m, fell to £6.94bn from £7.78bn. However, charities with incomes of between £500,000 and £10m a year saw their combined income increase from £4.57bn to £4.67bn.
Small charities, with annual incomes of less than £500,000, experienced almost no change.
Jane Arnott, senior advisory manager at CAF, said: "Perhaps somewhat surprisingly, the impact of the recent recession has been more strongly felt by larger charities.
"This may be a result of the importance of ‘local’ charities to donors or the fact that people might be substituting long-term charity commitments for more ad hoc contributions, such as sponsoring friends and family."