APNews: Smaller organisations in the arts and culture sector are struggling the most to balance their books, an investigation by Arts Professional in partnership with financial benchmarking company MyCake has found. (1/6)

MyCake (2/6) Analysis of a constant cohort of 2,800 organisations across the UK that filed accounts for every year since 2018 shows that the combined deficit of those with an annual income of £100k or less was larger than that of any other income band.

MyCake (3/6) Overall, in 2023, the 1,204 organisations in this group reported combined expenditure of £53.9m against income of £44.7m—a deficit of 20.7%.

MyCake (4/6) Those with income between £100k and £1m have also been hit hard over the five years analysed; after being in profit between 2019 and 2022, they posted a collective deficit of 7.2% in 2023, with expenditure of £425.6m against income of £396.7m.

MyCake (5/6) Sarah Thelwall of MyCake, said: "Smaller organisations are likely to be different from larger ones...the scale of reserves they hold, the regularity of their grant income or the longevity of any grant funding, and their ability to win contracts with their local authority.

MyCake (6/6) "All of these can lead to a situation where the business models are more precarious with smaller organisations than with larger." Read more on AP... buff.ly/3Xq40Nd

This week’s technical tweak means we can now join up data between our main database and things like Salesforce installations more easily. Good for our larger clients whose lists of member’s or grantees runs into hundreds or thousands.

ICYMI: After a study by Arts Professional and MyCake found small arts organisations are experiencing the highest deficits, we spoke to cultural leaders Linda Bloomfield, brian logan, and Sanaz Amidi about the challenges and advantages of being grassroots.

“It’s a soft target, isn’t it? If you close libraries, nobody dies – that’s what they think. But what’s happening is it’s society who suffers and people who suffer.” Says Michael Rosen theguardian.com/books/article/…

Well that’s another successful #heritagecompass data and benchmarking webinar delivered this morning! Glad these continue to be useful

If you are a #heritage organisation you can have access to the Cause4 Heritage Benchmark for free until end Mar 25. You don’t need to be funded by The National Lottery Heritage Fund @HeritFundNOR Historic England Historic Scotland The Architectural Heritage Fund to be eligible

In today’s webinar for 사설토토 //popored.com as part of #HeritageCompass we looked at the great growth shown by organisations who in 2019 had a turnover of <£25k and also that it is the smaller organisations that are struggling to avoid loss-making in the current economic conditions

Today has been spent data wrangling for Cat Waller and Access … and now for a glass of wine

We are about to roll out some improvements to both our place and sector dashboards … these changes will make it easier to add your colleagues in or share and compare with peers. #heritagecompass Arts Fundraising & Philanthropy Arts Professional

Mostly I have been setting up new benchmark dashboard users for staff Department for Culture, Media and Sport and Historic England and answering questions about how to use the 사설토토 //popored.com arts & fundraising benchmark to look at donations levels

Blimey. Two enquiries for access to our #vcse #finance #benchmark #dashboards in half an hour! We are popular! Hurrah. Some of our dashboards are free to access … and enquiry is always free … so do come talk to us!