Business woman using magnifying glass

In this article for The Conversation, Ushi Ghoorah, Associate Lecturer at Western Sydney University, argues that it is hard for donors to nonprofit organisations to know how much of their money goes to the cause they want to support. 

Only nonprofit groups registered as charities have to lodge information with the sector’s regulator, the Australian Charities and Not-for-Profit Commission (ACNC). The degree of information depends on their annual revenue. Only charities earning more than A$1 million a year must submit audited financial statements.

The commission is now considering increasing this threshold to A$5 million.

Ms Ghoorah's research suggests this will make publicly available financial disclosures extremely rare. This means donors, volunteers, employees and taxpayers will have even less assurance that charity dollars are being spent efficiently on their intended cause.

Read full article from The Conversation

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