Surplus for Purpose (Sydney)
Schedule
Wed May 01 2024 at 09:00 am to Thu May 02 2024 at 04:30 pm
Location
Workspace365 | Sydney, NS
About this Event
The not for profit and charities sector continues to struggle with generating sufficient surpluses to sustain its activities and meet accelerating demand.
Based on our analysis of ACNC financial statements, 30% of operating NFPs (as opposed to foundations and trusts) failed to return any operating surplus. While 41% returned an operating surplus less than 5% and 52% returned a surplus less than 10%.
In addition, 50% of all NFPs had annual revenues less than $140,000 (only 46% above the average Australian wage for a single employee).
With declining donors, a skewed donation base, a downward trend in government funding, increasing demand, and worsening economic conditions, insufficient surplus is leaving most NFPs vulnerable to policy and cost disruptions.
In addition, 38% of operting NFPs are vulnerable to cost and funding disruptions.
In addition, there is an absence of:
- Meaningful and useful benchmarking and governance data to guide NFP managers and directors; and
- Sector specific management and governance tools, frameworks, and diagnostics based on pertinent benchmarking insights.
To address these challenges, we have completed a comprehensive statistical analysis of the 60,000 financial statements lodged with the ACNC.
Based on this analysis, and our previous engagements in the NFP sector, we have developed a two-day workshop to deliver a comprehensive set of frameworks, tools, diagnostics, and financial and operational benchmarks to support Funding Resilience and Systemic Impact.
Download the Detailed Agenda here - Surplus for Purpose
Join us at our public workshops or contact us for a custom in-house workshop as part of your strategy planning.
Where is it happening?
Workspace365, 20 Bond Street, Sydney, AustraliaEvent Location & Nearby Stays:
AUD 300.00 to AUD 1600.00