Melbourne, Australia (PRWEB) September 16, 2013
Although charities and not-for-profit organisations (NFPs) may not sound like big business in Australia, the Charities and Not-for-Profit Organisations 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. According to IBISWorld industry analyst Alen Allday, “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.
The size of the industry is largely due to the extensive array of products and services provided by Australian charities and NFPs. These range from operating hospitals, arts organisations, schools and churches, all the way down to grassroots fundraising and community causes. “Government grants and funding are a crucial form of income for the industry, with NFPs routinely partnering with government departments to provide services to the community,” says Allday. Industry concentration levels are very low. Many organisations are community focused and operate only in their local areas.
Natural disasters often affect demand for charity and non-profit services, albeit on a short-term basis. Depending on the severity and location of the natural disaster, many organisations will often launch appeals to aid and assist those in the devastated area. Over the five years through 2013-14, Australia was hit with several major natural disasters, effectively supporting industry revenue growth. In 2008-09, Victoria endured severe bushfires, followed by severe flooding and cyclonic activity along the eastern seaboard in 2010-11. The future for the Charities and Not-for-Profit Organisations industry remains bright, with long-term government grants and service-provision contracts keeping revenue volatility down. The essential services provided by the industry will continue to be delivered by charities and NFPs, many of which are highly experienced and efficient. Industry employment and volunteer numbers are also expected to increase steadily in future years.
For more information, visit IBISWorld’s Charities and Not-for-Profit Organisations in Australia industry report page.
Follow IBISWorld on Twitter: http://twitter.com/#!/ibisworldau
IBISWorld industry Report Key Topics
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.
Key External Drivers
Industry Life Cycle
Products & Markets
Products & Services
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Technology & Systems
Regulation & Policy
About IBISWorld Inc.
Recognised as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every Australian industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Melbourne, IBISWorld serves a range of business, professional service and government organisations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com.au or call (03) 9655 3886.