HfT’s research was carried out by economic consultancy Cebr.
The charity is now calling on the Department for Health and Social Care to bring forward “long overdue” proposals on reforms for the long-term future funding of adult social care.
Josie Dent, from Cebr, said: “Pressure on social care providers to cut costs while also paying for increasing wage bills and agency worker fees has ultimately culminated in organisations taking drastic measures.
“The share of providers now offering care to fewer individuals doubled compared to last year’s survey.
“Meanwhile, the proportion having to make internal efficiency savings, close parts of the organisation or hand back services to local authorities remained high.
“The sector desperately needs more funding in order to provide the same level of care and support to the people who need it.”