ORCID

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.

Publication Date

2022-03-25

Publication Title

Public Money and Management

Volume

43

Issue

8

ISSN

0954-0962

Acceptance Date

2021-12-16

Deposit Date

2024-06-04

Embargo Period

2022-06-02

Funding

This study was funded by the British Finance and Accounting Association (BAFA) through its Seedcorn Research Funding scheme.

Keywords

Beneficiary needs, charitable resources, long-term outcomes, small charities, value-for-money

First Page

802

Last Page

810

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