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Australia confirmed among world's most generous nations: report

Xinhua, December 4, 2015 Adjust font size:

Australia has been confirmed as one of the most generous nations on earth, with latest data revealing its charity and non-profit-sector raked in almost 76 billion U.S. dollars (USD) last year.

The Australian Charities and Not-for-Profits Commission (ACNC) released the "Australia's Charities in 2014" report on Friday, showcasing the enormous wealth being forked over to charity and not-for-profit organizations across Australia.

The report found 75.92 billion U.S. dollars flowed into the sector in 2014, further enhancing Australia's claim as the sixth most charitable nation in the world as expressed by the Charitable Aid Foundation America last year.

The top five most charitable nations, based on the "World Giving Index", last year were: Myanmar, the United States, Canada, Ireland and New Zealand.

Contributions from government grants (30.92 billion dollars) and donated personal income (45 billion dollars) made up Australia's figure.

ACNA's report also highlighted how these types of groups spent their revenue.

Almost one in 10 Australians work in the multi-billion-dollar industry, according to the report.

The report also found that of Australia's 54,000 charity groups, the top 5 percent attracted 80 percent of the total income.

Major Australian charity groups have welcomed the report, saying it gives transparency to the industry's spending habits and promotes confidence that donors' money will be spent responsibly.

ACNC Commissioner Susan Pascoe agreed "This report means the broader community can get a really good indication of the money in the sector, the activities in the sector, the purposes of those charities and the beneficiaries that those monies are being used for," she said in the report.

"In effect we're close to a census of charities in Australia, because all registered charities are required to report annually."

"This is the first time that we will be able to say empirically how much money is in the charity sector in Australia." Endit