• In 2017/18, small charities accounted for nearly one-fifth (19%) of the total voluntary sector expenditure (£9.7bn of £51.3bn).
  • Charities with an income of £100k – £1m spent 99% of their total income.
  • Charities with an income of under £100k were more likely to spend more than they earned, comprising 12% more than their total income that year (see note).
  • Comparatively, large charities spent less than their overall income.