Although charities and not-for-profit organisations (NFPs) may not sound like big business in Australia, the industry employs almost 1.1 million workers on a paid basis, with revenue expected to total $117.8 billion in 2013-14. This includes estimated growth of 3.4% for the year due to increased government funding across a range of related activities. Over the five years through 2013-14, industry revenue is estimated to increase at an annualised 3.7%, with strong and steady growth in each year. There was, however, low growth in 2008-09, when private and business donors cut back amid uncertain economic conditions.
This industry consists of organisations that exist for reasons other than financial gain. This broad industry classification includes charities and not-for-profit organisations engaged in activities such as healthcare, operating hospitals, education and sports, and also includes cultural and religious organisations.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.