Non-Profit Organisation

Non-Profit Organisations offer largely ancillary services to health provision and social assistance programs, such as homes for the mentally ill or victims of substance abuse. Largely, these services provide greater opportunity for Australians to contribute to the economy or care for those who cannot. The bulk of these services are offered through a combination of government and private funding.

Non-Profit Organisations attend to millions of Australians annually, arranging care and counsel for those in need. In 2015-16, the subdivision’s not-for-profit and private enterprises are expected to derive $43.3 billion in revenue, derived from government funding, donations and private income. Over the five years through 2015-16, the subdivision is projected to grow at an annualised 6.4%, including forecast growth of 5.8% in the current year.

As the population ages and single-income households look to boost earning capacity, demand for childcare and aged care will accelerate.

Subdivision revenue is estimated to increase by 5.8% annualised over the 10 years through 2020-21, with the number of locations offering community services forecast to grow by 3.2% over the same period. This is a clear indication that the subdivision is in a growth phase of its life cycle. The likelihood of elderly Australians needing aged care (or at least specialised age-appropriate housing), together with continued growth in the female workforce, are encouraging many providers to enter the subdivision to capitalise on current growth or prepare for future growth.

Source of Report – IBIS world (http://www.ibisworld.com.au)