Release of The Australian Charities Report 2018
Dan Wade • September 23, 2020
Release of The Australian Charities Report 2018
Australian charities' revenue grew by more than 6 per cent in 2018, more than triple the Australian economy's counterpart figure.
This is a key finding of the just-released ACNC's Australian Charities Report 2018.
The report documents the contribution of Australian charities to the economy and communities both at home and abroad. It analyses information in charities' annual information statements.
Key findings include:
- In the 2018 reporting year charity revenue grew by more than 6 per cent, significantly more than the Australian economy in the same period (1.9 per cent)
- Australia's charities, overall, operated at a surplus, supported by substantial assetsRevenue was up by $9.3 billion, from $146.1 billion in 2017 to $155.4 billion in 2018
- Donations rose to $10.5 billion, an increase of $600 million from the previous year
- The largest charities (0.4 per cent of all charities) reported revenue of more than $100 million
- Assets increased by $18.7 billion to $323 billion
- Almost half of charity revenue came from government (47 per cent), and more than a third (34 per cent) was generated by providing goods and services (some of which were subsidised by government funding)
- Most charities were small (66 per cent) generating less than $250,000 in revenue, followed by large (18 per cent) with revenue of more than $1 million, and medium (16 per cent) with revenue of $250,000 or more but under $1 million
- Charities employed more than 1.3 million people
- Volunteer numbers across Australia's charity sector increased to 3.7 million, up 12 per cent on the previous year's figure of 3.3 million
- Half of all charities operated without any paid staff
- Charities spent $81.1 billion on employee expenses, up 8 per cent on the previous year's figure of $74.8 billion, and
- The most common activities for charities included religious, primary and secondary education, grant-making, social services and aged-care services.
The Australian Charities Report 2018 , the sixth edition, provides fascinating insights.
What the New Super Changes Mean for Your Business
We’re now over halfway through the financial year, making it the perfect time to pause and assess how your business is tracking.
The start of a new year offers a clean slate—an opportunity to reset, refocus, and ensure your business is on solid financial footing.
This is a subtitle for your new post
Here’s a closer look at the five key stages of business growth and how strategic financial planning can support success at every step.
As accountants, we often see businesses at various stages of growth, and one of the most common questions we encounter is: "When is the right time to grow?"
Growing your business is an exciting journey filled with opportunities and challenges.
Expanding your team is an exciting step towards growing your business, but it also comes with its own set of challenges and considerations.
Budgeting is not just a mundane task relegated to the realm of accounting; it's a strategic imperative that serves as the cornerstone of financial management for businesses of all sizes.
Navigating Financial Perspectives for Businesses