Value-for-money and the small charity

Evans, Carl; Weller, Sarah Louise

Abstract

This article opens a new research pathway by examining value-for-money (VFM) in the charity sector. There is an initial exploration of literature regarding the definitions of VFM and how it is assessed. Research findings highlight that small charities are aware of VFM but do not explicitly operationalize it and have difficulty in assessing it. The authors present original insights into the challenges faced by small charities in defining and assessing VFM and call for the development of an appropriate VFM framework for small charities.

• Journal Article Type: Article
• Acceptance Date: Dec 16, 2021
• Online Publication Date: Mar 25, 2023
• Publication Date: 2023
• Deposit Date: Apr 18, 2023
• Publicly Available Date: Nov 3, 2023
• Journal: Public Money and Management
• Print ISSN: 0954-0962
• Electronic ISSN: 1467-9302
• Publisher: Taylor & Francis (Routledge)
• Peer Reviewed: Peer Reviewed
• Volume: 43
• Issue: 8
• Pages: 802-810
• DOI: https://doi.org/10.1080/09540962.2022.2047287
• Keywords: Beneficiary needs, charitable resources, long-term outcomes, small charities, value-for-money
• Public URL: https://uwe-repository.worktribe.com/output/10631568
• Publisher URL: https://www.tandfonline.com/doi/full/10.1080/09540962.2022.2047287