Those surveyed were also concerned about the increased cost of utilities, energy bills, rent, fuel and the demand for higher wages from employees (80%). Not only that, nearly two-thirds of charity chief executives are worried about the higher cost of stock, equipment and supplies.
Almost 60% of charity leaders are concerned about people having less money to donate to their causes, and therefore 35% are worried that their organisation may struggle to survive.
In a regular poll of the public CAF conducted in March, it found that 14% of people plan to cut back on charity donations in the next six months to help manage their bills.
Alison Taylor, CEO of CAF Bank and Charity Services, said: “Charities are impacted by the cost-of-living crisis on many fronts. Many more people in their communities are likely to rely on their support - from food banks, mental health and disability support to organisations offering financial guidance."
“For many charities however, their resources are stretched after two years supporting their communities throughout the pandemic, and they are also having to find the funds to pay higher costs. With tightening household budgets impacting donations, there is a perfect storm facing the sector, and sadly, there are likely to be some charities unable to survive this year.”