Third Sector. Contracted vendor that is leading counties in the development of the multi- county Innovation Project, based in San Francisco and Boston.
Third Sector. This document uses the term ‘third sector’ to describe non-governmental organisations which are value-driven and which principally reinvest their surpluses to further social, environmental or cultural objectives. Third sector organisations include community groups, voluntary organisations, faith and equalities groups, charities, social enterprises, co-operatives, mutuals and housing associations. There are an estimated 1,800 voluntary and community organisations based in Hackney1 with a combined income of over £250 million, employing over 6,000 staff2 . There is a split between a small number of large organisations (some 30 or so organisations have turnovers greater than £1 million and between them share 70% of the sector’s income) and a very large number of small community organisations which work at a grass roots level. Indeed, 85% of organisations have no paid staff and a similar percentage have an annual income under £100,000. East London boroughs have a particularly high proportion of very small groups with turnovers of under £10,000 (70% across Xxxxxxx, Newham and Tower Hamlets compared with 56% nationally)3. These organisations play a vital role in supporting local communities mainly or entirely through voluntary effort. They provide a wide range of services at a local level with a strong emphasis on meeting the needs of children and young people and vulnerable groups. Many groups are led by, and meet the needs of, specific Black, Asian, Minority Ethnic and Refugee communities. Private sector Private sector organisations also increasingly work in partnership with the voluntary, community and public sectors, providing services, funding, volunteers, advice and other support. It is envisaged that many private sector businesses will also endorse the commitments and principles of the Xxxxxxx Compact.
