Vol. 07 / ACNC Data Investigation / 2017–2023

Where Does
Australia's
$222B Go?

An investigation into 359,678 charity financial records across 7 years, revealing who gives, who receives, and the growing concentration of philanthropic power.

Records

359,678

Charities

53,207

Grants Out

$11.3B

Assets Held

$494B

Volunteers

3.9M

Top 10% capture 90.3% of donations $222 Billion total revenue 89% of charities pay execs more than they give Medium charities posted -$1.84B deficit in 2023 Top 10% capture 90.3% of donations $222 Billion total revenue 89% of charities pay execs more than they give Medium charities posted -$1.84B deficit in 2023

Part I

The Inequality
Curve

Of the 30,166 charities that received donations in 2023, the top 10% captured 90.3% of all donation dollars. The bottom 50% shared less than 0.004%. And it's getting worse every year.

90.3%

Of donations go to top 10%

Concentration trend — top 10% share rising

86.7%

2017

87.5%

2018

88.3%

2019

88.9%

2020

88.4%

2021

87.4%

2022

90.3%

2023

Part II

The Asset
Giants

The 30 largest charities hold over $130 billion. Only 2 are philanthropic foundations. The rest are universities, religious institutions, and hospitals.

# Organisation Type Assets Grants Ratio
1Uni of Melbourne (Group)EDU$12.0B$266M8.1%
2University of SydneyEDU$10.1B$341M10.3%
3Wildlife Land FundENV$8.5B$00.0%
4Minderoo Foundation (Group)FDN$7.6B$156M3.1%
5Monash UniversityEDU$6.5B$138M4.6%
6UNSW (Group)EDU$6.4B$326M12.2%
7ANUEDU$5.5B$124M7.8%
8UQ (Group)EDU$5.4B$117M4.6%
9Western Sydney UniEDU$4.7B$23M2.4%
10Melb Catholic Schools (Group)REL$4.3B$00.0%
11Paul Ramsay FoundationFDN$3.0B$184M176%
12Sydney Catholic SchoolsREL$2.8B$00.0%
View all foundations →

Part III

Philanthropy
Scorecard

How do Australia's most prominent foundations actually perform? We tracked 8 foundations across 7 years.

A+

Paul Ramsay

Largest private foundation

$184M

Grants

$3.0B

Assets

176%

Giving ratio

$1.7M

KMP Pay

7yr grant trend

D

Minderoo

Forrest family

$156M

Grants

$7.6B

Assets

3.1%

Giving ratio

$3.4M

KMP Pay

Assets: $640M → $7.6B

A

Ian Potter

Est. 1964 — iconic

$46M

Grants

$888M

Assets

112%

Giving ratio

$0

KMP Pay

Consistent ~5% payout

A+

Pratt

100% pass-through

$11M

Grants

$0

Assets

100%

Giving ratio

$0

KMP Pay

Holds nothing — gives all

F

Lowy Institute

Think tank — zero grants

$0

Grants

$31M

Assets

0%

Giving ratio

$1.6M

KMP Pay

No grants — ever

B+

Myer

Est. 1959 — steady giver

$4M

Grants

$85M

Assets

100%

Giving ratio

$0

KMP Pay

Steady ~$5M/yr

Explore all foundation profiles →

Part IV

The Pay
Gap

89%

of charities with KMP executives paid them more than they distributed as grants. Total executive compensation: $3.75 billion.

KMP = Key Management Personnel — the ACNC term for a charity's senior executives and directors. All charities must report total KMP compensation in their Annual Information Statement.

Little Co. of Mary — KMP $17.5M vs Grants $0.5M

34:1

RMIT — KMP $9.9M vs Grants $4M

2.5:1

CBH Group — KMP $9.4M vs Grants $3.4M

2.8:1

Paul Ramsay — KMP $1.7M vs Grants $184M

1:108
Full KMP analysis →

Part V

Follow The
Money

Small charities depend on donations. Large charities depend on government. The funding model determines who holds the power.

Govt
Earned
Donations
Other

Large (5,628 charities — $209B revenue)

49%
34%
7%
10%

Medium (8,116 charities — $9.6B revenue)

35%
30%
22%
13%

Small (39,460 charities — $3.3B revenue)

17%
25%
38%
20%

Part VI

The Small
Squeeze

While large charities posted a $13.7 billion surplus in 2023, medium charities went into deficit for the first time.

-$1.84B

Medium charity deficit (2023)

+$13.7B

Large charity surplus (2023)

$425B

Large assets (up from $241B)

$35B

Small assets (up from $10B)

Is a system that holds $494 billion in assets while distributing $11.3 billion in grants really working for the communities it claims to serve?

This data is public. Published by the ACNC under CC BY 4.0. Every number can be verified, queried, and challenged. Transparency isn't just about publishing data — it's about making it legible.

Methodology

359,678 AIS records from the ACNC, spanning 2017–2023. Data via CKAN API from data.gov.au. All figures AUD.

Giving ratio = grants / revenue. Above 100% = endowment drawdown. KMP (Key Management Personnel) = senior executives and directors as defined by the ACNC. KMP compensation data only available 2022–2023.

Limitations: Self-reported data. University "grants" include research passthrough. Religious orgs may classify internal transfers as grants.