The total income of registered charities in England and Wales increased by more than £3bn in the past year, new Charity Commission figures show.
Data published on the regulator’s website, based on annual returns submitted to the regulator during the year to the end of March, shows that the total income of registered charities in England and Wales was £62.8bn, compared with £59.7bn at the same time last year.
According to the commission, there were 164,108 registered charities at the end of March, a rise of 1,025 compared with the same time last year.
The figures show the proportion of charities with annual incomes of up to £10,000 fell slightly to 41.9 per cent of the total at the end of March, compared with 42.6 per cent of the total last year.
The proportion of charities with incomes between £10,000 and £100,000 and between £100,000 and £500,000 rose during the same period to 33.4 per cent and 12.6 per cent of the total respectively.
The percentage of the largest charities with incomes between £500,000 and £5m and with incomes of more than £5m a year remained unchanged, compared with the same quarter last year.
The figures show that the sector’s income has more than doubled since 2002, when it was £29.45bn.
The number of charities with incomes of more than £10m has also increased from 421 to 1,005 over the same period.