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.