VSO International’s income rises by 20%

VSO International’s income rises by 20%

VSO International, the development NGO that works through volunteers, has announced an impressive income growth for 2013 of 20%, up from £57m to £68.7m. The growth was across all income streams, and was achieved despite a planned reduction of £4m of support from DFID.

Successes included VSO UK’s individual giving programme, which grew by 17%, and income from legacies which grew by 75%. Income that VSO raised from sources including institutional and government donors, for VSO’s health, education and livelihoods programmes in Africa and Asia grew by 38% to £21m – a step change for VSO. 

In the last financial year VSO’s leadership of the UK government funded International Citizen Service (ICS) saw the programme support 3,600 young people globally to take up the ICS challenge, through 112 projects in 27 countries in Africa, Asia and Latin America. ICS secured £16.9 million income from DFID and £2.2 million from volunteer fundraising.

In addition, VSO has worked hard to reduce overheads to ensure funds are spent in-country to fight poverty. In April 2011, VSO committed to reduce the proportion of its expenditure on overheads from 14% to 10% by 2013 and that target was reached. It was achieved through a combination of actions that included moving VSO’s global headquarters to offices from Putney in London to Kingston on Thames in Surrey.

“The news that VSO has made such a significant increase in income year on year is testimony to the commitment by staff and partners worldwide to cut costs and diversify our funding base where possible." said Amanda Bringans, Director of Global Fundraising and Communications for VSO. "We see a great future in fundraising by VSO federation members and country offices and this is proof of the growing popularity of VSO’s people-led approach to development,” she added.

Editor's notes

To request further information or to arrange an interview contact Ciara O’Sullivan at the VSO Press office on +44 (0) 07753103460 or email press@vso.org.uk

About VSO

VSO is the world’s leading independent international development organisation that works through volunteers to fight poverty in developing countries. VSO's high-impact approach involves bringing people together to share skills, build capabilities, promote international understanding and action, and change lives to make the world a fairer place for all.

See www.vsointernational.org, and www.volunteerics.org for more information.