{"id":4682,"date":"2022-05-24T11:09:15","date_gmt":"2022-05-24T10:09:15","guid":{"rendered":"https:\/\/dev.erjjiostudios.com\/rankfoundation\/?p=4682"},"modified":"2024-07-05T10:12:37","modified_gmt":"2024-07-05T09:12:37","slug":"pro-bono-economics-launch-their-findings-on-the-time-to-shine-programme","status":"publish","type":"post","link":"https:\/\/dev.erjjiostudios.com\/rankfoundation\/news\/pro-bono-economics-launch-their-findings-on-the-time-to-shine-programme\/","title":{"rendered":"Pro Bono Economics launch their findings on the Time to Shine programme"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">The Rank Foundation are elated as <a href=\"https:\/\/www.probonoeconomics.com\/\">Pro Bono Economics<\/a> launch their findings on the Time to Shine programme.&nbsp; Pro Bono Economics uses economics to empower the social sector, today launching a report detailing the impact on charities who take part in the Time to Shine programme.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The full report is available to read as a PDF by clicking the button below.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignleft size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/dev.erjjiostudios.com\/rankfoundation\/wp-content\/uploads\/Sticker-2-300x300-1.png\" alt=\"\" class=\"wp-image-5804\" style=\"width:278px;height:auto\" srcset=\"https:\/\/dev.erjjiostudios.com\/rankfoundation\/wp-content\/uploads\/Sticker-2-300x300-1-150x150@2x.png 300w, https:\/\/dev.erjjiostudios.com\/rankfoundation\/wp-content\/uploads\/Sticker-2-300x300-1-75x75@2x.png 150w, https:\/\/dev.erjjiostudios.com\/rankfoundation\/wp-content\/uploads\/Sticker-2-300x300-1-75x75.png 75w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/figure>\n<\/div>\n\n\n<p class=\"wp-block-paragraph\">Key findings from the report find:<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><em>Charities which participate in Time to Shine are estimated to have, on average, 5% higher incomes after the programme compared to similar charities which do not participate \u2013 this is equivalent to an average increase of around \u00a3200,000 per year.<\/em> <em>As the cost of funding the average Time to Shine charity in 2019\/20 was approximately \u00a322,000, the programme\u2019s benefits would outweigh the costs if it increases a charity\u2019s annual income by just 0.5%. <\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><em>With 80% of organisations having incomes less than \u00a3100,000 per year, most of the sector is working on very tight budgets. Hiring a full-time employee at the Living Wage would cost more than 18% of these charities\u2019 annual income. This means that expanding their teams is extremely costly and out of reach for most small charities. &nbsp;The Rank Foundation believes that filling capacity needs in small charities allows them to focus on strategic improvements that can enhance their impact.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Rank Foundation are elated as Pro Bono Economics launch their findings on the Time to Shine programme.&nbsp; Pro Bono Economics uses economics to empower the social sector, today launching a report detailing the impact on charities who take part in the Time to Shine programme. The full report is available to read as a [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":5803,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[61,77],"tags":[],"class_list":["post-4682","post","type-post","status-publish","format-standard","has-post-thumbnail","category-news","category-time-to-shine","entry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Pro Bono Economics launch their findings on the Time to Shine programme - The Rank Foundation<\/title>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pro Bono Economics launch their findings on the Time to Shine programme - The Rank Foundation\" \/>\n<meta property=\"og:description\" content=\"The Rank Foundation are elated as Pro Bono Economics launch their findings on the Time to Shine programme.&nbsp; Pro Bono Economics uses economics to empower the social sector, today launching a report detailing the impact on charities who take part in the Time to Shine programme. 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