<
https://theconversation.com/australias-charity-sector-is-growing-but-many-smaller-charities-are-doing-it-tough-258073>
"Revenue for Australia’s charity and not-for-profit sector has reached record
highs, and total donations have grown. But the story isn’t the same everywhere,
and some smaller charities may be struggling.
That’s according to the latest edition of the
Australian Charities Report
from the Australian Charities and Not-for-profits Commission (ACNC), released
this week.
The report shows that in the 2023 reporting year, revenue for Australia’s
charity sector rose by 10.7% to a record A$222 billion. This was bigger than
the growth in expenses, which rose by 8.4% to $212 billion.
Total donations and bequests also rose, to $18.9 billion. But the picture is
nuanced. One single donation made to the Minderoo Foundation of $4.9 billion is
included in this figure.
If this is left out, total donations rose by less than 0.4% across the sector.
This suggests we should perhaps put any celebrations on hold and instead ask
why donations might be flat-lining.
In 2023, the top 30 charities accounted for 40% of all donations and bequests
to the sector. This was double the 20% share reported for the previous year.
Australia’s charity sector plays a vital role in society. For it to thrive, all
of its elements must be healthy, including smaller charities."
Another reason to support universal basic income.
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
