If you thought that working in charity meant working for a pittance, think again. According to our pals over at Third Sector, David Mobbs, the head of Nuffield Health, the charity that runs a chain of hospitals and gyms, was paid an annual salary of up to £860,000 to run the health provider in 2011 and is the highest-paid person working in the charity sector.
If you think that's a sizeable wage for the boss of a firm in the voluntary sector, check out The London Clinic's remuneration package. This charitable private hospital in Harley Street in London paid one of its senior executives about £1m in 2011, but that person has since stepped down. The clinic declined to reveal his identity, but it is believed to be Malcolm Miller, its former chief executive, who resigned in September 2011.
The pay figures were taken from the annual accounts of the top 150 charities by income. The study found that 30 of the top 100 earners were paid more than £200,000 a year and nine were paid more than £300,000 a year. The mean average pay across the top 100 earners in the third sector comes to a not-to-be-sniffed-at £208,000 to £216,000 a year.
The third-highest earner was Sir Antonio Pappano, music director of the Royal Opera House, who was paid £741,403 a year, followed by a senior executive at theWellcome Trust who was paid up to £610,000 a year. The trust declined to name the individual but it is believed to be Danny Truell, its chief investment officer.
Here are the top ten highest paid earners in the Third Sector hail from the following charities:
1. The London Clinic: Highest pay: £990,000-£1m (person has since left and current CEO is paid £350,000 to £360,000)
2. Nuffield Health: £850,000-£860,000
3. Royal Opera House: £741,403
4. Wellcome Trust: £600,000-£610,000
5. St Andrew's Healthcare: £550,000-£560,000
6. City and Guilds of London Institute: £440,000-£450,000
7. The College of Law: £330,000-£340,000
8. The Royal Society: £330,000-£340,000
9. Consumers' Association: £300,000-£310,000
10. The Institution of Engineering and Technology: £280,000-£290,000
Stephen Cook, editor of Third Sector, says of the results: 'The figures might seem surprisingly high to those who equate the word ‘charity’ with small, volunteer-based organisations. But some of the charities in question are as large, complex and professionalised as major corporations, and the levels of pay are market-led.