We need your help now

Support from readers like you keeps The Journal open.

You are visiting us because we have something you value. Independent, unbiased news that tells the truth. Advertising revenue goes some way to support our mission, but this year it has not been enough.

If you've seen value in our reporting, please contribute what you can, so we can continue to produce accurate and meaningful journalism. For everyone who needs it.


Nonprofits are showing their books to reassure donors

A new report found that the sector employs over 100,000 people.

NONPROFIT ORGANISATIONS EMPLOY over 100,000 people and generate an annual income of €6 billion according to an AIB report.

It found that 94% of the 131 nonprofits surveyed said they were already publicly disclosing detailed annual financial statements.

The nonprofit sector includes charities, clubs and housing associations.

Minister for Justice Frances Fitzgerald said the report highlighted that issues of transparency and accountability had risen to the fore in the charity sector.

As we approach the Christmas period when people are thinking about charitable giving, I would like to reassure donors, philanthropists and lenders that the new Charities Regulatory Authority set up by this government in October 2014 will enhance governance, transparency and accountability in the nonprofit sector.

The report also contains detailed findings based on new research by Ipsos Mrbi.

It found that up to 79% of nonprofits rely to some degree on government funding.

Pic one

Uncertainty about funding, especially from the Government, remains a challenge with an increasing demand for services also an issue.

In response to this challenge the sector is placing increasing importance on new fundraising initiatives such as sponsored events, local business or corporate sponsorship/partnership and online/social media donations and campaigns.

Pic two

Some 60% of nonprofits rely on up to 50 volunteers to support their activities, and this volunteer engagement rises to over 500 for 9% of organisations.

Pic three

The report also found that the most pressing need is for Government to resolve the issue of the 23% VAT rate applied to charities.

Read: Síle Seoige’s Christmas charity single is beating Taylor Swift on iTunes>

Readers like you are keeping these stories free for everyone...
A mix of advertising and supporting contributions helps keep paywalls away from valuable information like this article. Over 5,000 readers like you have already stepped up and support us with a monthly payment or a once-off donation.

Your Voice
Readers Comments
    Submit a report
    Please help us understand how this comment violates our community guidelines.
    Thank you for the feedback
    Your feedback has been sent to our team for review.