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Article: Money: Charity shops and the cash that won't reach the needy
- Article from:
- The Independent (London, England)
- Article date:
- February 2, 1997
- Author:
CopyrightCopyright 1997 The Independent - London. Provided by ProQuest LLC. (Hide copyright information)
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If you want to combine bargain hunting with altruism, the
obvious place to go is a charity shop. Finding one shouldn't be
difficult. It is estimated that, following rapid growth over the
past few years, there are now more than 5,000 charity shops in the
UK.
But few shoppers really know how much of the money they spend
benefits charities. In fact, while the shops are a very useful
source of income for charities, purchases are an inefficient way of
donating your money. On average, 73p of every pounds 1 you spend
is soaked up in the expenses of running the shops, according to a
survey published last year by the magazine NGO Finance.
Charity shops have become big business. The annual income of ...