Rehab posts €2m 'profit' and pays its staff almost €100m
Published 16/11/2012 | 05:00
REHAB, the charity that provides training and jobs services for people with disabilities, generated income of €185m last year and a surplus, or profit, of €2m.
The charity operates commercial packaging and waste services ventures, as well as raising money through donations and from state funding.
The €234,000 salary of chief executive Angela Kerins is not included in the annual accounts, but was published earlier this year. Revenue fell by €6m to €184.7m in 2011 compared to the previous year, according to accounts just filed with the Companies Office.
Training and employment services account for the biggest share of income at €83m, followed by day activity and care services at €54m.
Most of Rehab's income is from the not-for-profit sector and therefore tax exempt, resulting in a corporation tax bill of just €48,000 last year. Rehab received €4m from the Charitable Lotteries Fund, which is part of the of National Lottery, and brought in €18m through fundraising and sales of its own Rehab lottery scratch cards, the accounts show.
The huge turnover and around 3,500 staff mean Rehab is one the biggest not-for-profit ventures in the country.
Staff costs were just shy of €100m.
The charity operates in the UK, Netherlands and Poland, as well as in Ireland.