Did you see the 10th annual report Australian Charities Report? It’s a great resource to share with your Board - especially those who aren't actively involved in the NFP or charity sector and might not be across the major trends. Of interest to us at Benefolk was: 📈 Unlike 2021, all charity sizes experienced revenue growth in 2022 💵 Total revenue increased by $11 billion to a record $200 billion, but at the same time expenses increased by $21 billion. 😲 The net income figure recorded across the sector – $5.7 billion – was the lowest figure the ACNC has ever reported. ✳ While the sector’s assets grew by 8.3% to $457 billion during 2022, total liabilities increased by 11.5% to reach $158 billion. 💳 In 2022, the charity sector’s total expenses increased by $22 billion (12.6%) to $195.8 billion. The increase of 12.6% was twice the rate of inflation. We are grateful to Sue Woodward AM and her team at Australian Charities and Not-for-profits Commission for ensuring this data continues to be shared widely with all Australians, to help us better understand our important charitable sector.
We recently launched the 10th edition of the Australian Charites Report. It includes a focus on extra small charities. Read more: https://ow.ly/CzIg50SoOsc
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10moThanks for sharing Benefolk. It is always good to get a sense of current trends, especially with 10% of the Australian workforce dedicated to the sector!