THE Australian charity sector has generated $190B revenue and employs 10.5% of the workforce, according to the Australian Charities and Not-for-profits Commission (ACNC). The 9th edition of the Australian Charities Report reveals growth in charity revenue, assets, and donations during the 2021 reporting period. However, expenses and liabilities have also increased, and volunteering numbers have declined. The report highlights the significant contribution of small charities, with 65% operating on annual revenues under $250,000 and a third having less than $50,000 in revenue.
AUSSIE CHARITY SECTOR GENERATES $10B
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Michael Walls
michael@accessnews.com.au
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