Cost of living pressures are taking a toll on Australian charities and the communities they support, with expenses surpassing any revenue growth in the struggling sector.
Charities generated $239 billion in revenue in the latest 2024 reporting period, a strong 7.5 per cent increase that outpaced growth in the wider economy.
But according to newly released data from the Australian Charities and Not-for-profits Commission, expenses climbed even faster - rising 8.6 per cent - to $231 billion.
Commissioner Sue Woodward AM said the growing gap reflects the reality charities are facing with larger total expenses bills and higher costs for staff wages, insurance and utilities.
''Demand for support is rising as more people feel the squeeze," Ms Woodward said.
''Demand for support is rising as more people feel the squeeze," Ms Woodward said.
