The ACNC data set selected for analysis comprises 3,914 Large ($1M+ annual revenue) Australian charity entities with DGR Item 1 or 4 and ACNC Group entities who have submitted audited financial statements and conducted activities in 2019. These entities represent $102B of annual revenue, ~%60 of the total 2019 revenue reported by Australian charity entities to the ACNC.

Innovation is a tricky beast. It's not always clear that the risks outweigh the rewards. For those of us in for-purpose organisations, getting the business case right to fund innovation is critical; uncertainty can be a roadblock, but it doesn't have to be.

The best response to the turbulence and uncertainty being faced by the not-for-profit sector is to focus on delivering long-term value. This means having a 5 to 10 view of how the world is changing and how your organisation will respond to, exploit, or mitigate these changes. This is not about the prediction of the future, a futile activity, but rather about being ready for what might happen next.

Here’s two frames to help you with your planning and decision making:

Plans=knowledge+assumptions,

and

performance=Plans(reality)