New ACNC data shows Australia’s charity sector grows, consistent with greater demand for services

The latest ACNC report shows significant growth in Australia’s charity sector, with revenue reaching a record high of $222 billion, up 10.7%, and sector employment increasing by over 70,000 to 1.54 million, representing 10.7% of the workforce. Staff costs accounted for 55% of total expenses, reflecting increased demand for services due to cost of living pressures.  Large charities saw the most significant growth, with a 14.2% revenue increase, while extra small charities struggled, relying more on donations.  However, challenges remain in addressing sector disparities and funding gaps. READ MORE HERE