As part of maintaining transparency in our ministry movements, we provide our supporters with an annual report that outlines our use of supporters’ generous donations, our financial outcomes and our future outlook as a ministry.
A tough previous financial year meant a challenging start; however, with trust in God to expand His ministry of releasing more and more children from poverty, and with a concerted focus on prayer and good strategic planning, financial results have far exceeded budget and expectations.
This financial year income grew at 3.57 per cent, finishing at $64.9 million—up from $62.67 million last year—and overall net surplus for the year was a good result at $1.07 million. Our operating fund ended in a surplus position of $186,000, with fundraising and administration costs realised at 20.51 per cent of total expenditure. Our balance sheet remains strong, with net assets totalling $12.73 million at the end of the year. This financial year, Compassion Australia came extremely close to achieving a 10-year goal of reaching 100,000 children, babies and students. In July 2011, 95,632 children, babies and students were being supported; by the close of the financial year, this number had grown to 99,167. (Compassion officially reached 100,000 on 21 August 2012). Our cancellation rate was also one of the stand-out results of the year, as it started at 7.7 per cent and was reduced to a historical low of 6.6 per cent. This is a great result, improving Compassion’s financial position for the future.
Compassion Australia’s good financial performance is a result of focused strategy, strong leadership and hardworking employees. However, the greatest contribution to performance has been the commitment and loyalty of supporters who have continued to give faithfully and remain committed to the cause of releasing children from poverty in Jesus’ name, even during the difficulty of a post-global financial crisis economic climate.
View a copy of our 2012 Annual Report.
Previous Annual Reports
- Annual Report 2012 PDF
- Full Financial Report 2012 PDF
- Annual Report 2011 PDF
- Full Financial Report 2011 PDF
- Annual Report 2010 PDF
- Full Financial Report 2010 PDF
- Annual Report 2009 PDF
- Full Financial Report 2009 PDF
- Annual Report 2008 PDF
- Full Financial Report 2008 PDF
- Annual Report 2007 PDF
- Full Financial Report 2007 PDF
- Annual Report 2006 PDF
- Full Financial Report 2006 PDF
- Annual Report 2005 PDF
- Full Financial Report 2005 PDF
- Annual Report 2004 PDF
- Full Financial Report 2004 PDF
- Annual Report 2003 PDF
- Full Financial Report 2003 PDF
For further information contact the Finance Department on 02 4935 5000 / 1300 22 44 53 or email firstname.lastname@example.org.