New York, NY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)The Australian Community, founded in 2012, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $562K in total revenue in fiscal year 2020. Revenue surged 1550% from the prior year, signaling strong growth momentum. Expenses of $497K left a modest 12% surplus.
Our mission is to connect Australians living in the United States through social, professional, and charitable initiatives.
Per our Form 1023 Narrative: The Australian Community is not organized solely to contribute or fundraise for any specific entity. However, at the discretion of the Board of Directors we may at times...
Per our Form 1023 Narrative: The Australian Community is not organized solely to contribute or fundraise for any specific entity. However, at the discretion of the Board of Directors we may at times choose to distribute to other organizations. In late 2019, when it became abundantly clear of the scale of the then Australian Bushfires, and the demand from donors to send funds to assist the human and animal victims, our Board of Directors made the decision to raise funds for recognized Australian non-profits providing relief either through and or directly fighting the fires. Our existing Disaster Relief program was expanded and the necessary policies and procedures implemented to ensure that this program further(ed) our exempt status. Revenues received from fundraising from our Disaster Relief program were distributed per our Foreign Mission Policy procedures for Grants outside of the United States. All monies were transferred at a historically low Australian Dollar, and a zero fee Foreign Exchange Rate (Interbank) further increasing the positive financial impact of the Grants.
Per our Form 1023 Narrative: The Australian Community Inc. seeks out opportunities for community outreach through our Ambassador Program...to fulfill our mission of raising awareness and funds for...
Per our Form 1023 Narrative: The Australian Community Inc. seeks out opportunities for community outreach through our Ambassador Program...to fulfill our mission of raising awareness and funds for educational and charitable purposes... The Ambassador Program is the main fundraising mechanism for our organization that furthers our non-profit status. The majority of our fundraising activities derive from Direct Public Grants, Direct Public Support, Program Income, and Special Events Income. At the direction of the Board of Directors, funds are allocated to our programs based on the then needs.*During 2020, a Black Tie Gala and Fundraiser was held in January 2020 that accommodated some 200 attendees.*Awards were presented to eight performing artists in recognition for their support of our Ambassador program.*In spite of the COVID-19 Pandemic, two (2) Virtual events were held that attracted Global audiences that furthered our exempt status.
Per our form 1023 narrative: The Australian Community Inc. aims to provide Disaster Relief aid in the form of financial donations to established relief organizations. Given the close family ties of...
Per our form 1023 narrative: The Australian Community Inc. aims to provide Disaster Relief aid in the form of financial donations to established relief organizations. Given the close family ties of our donors and supporters, our Board of Directors made the decision to raise and send money to provide financial aid for victims of the 2019/2020 Australian Bushfires. Through use of our website, keywords, and our Google AdGrants, we successfully raised funds through the generous donations of Australians and Americans aligned with our charitable mission. This furthered our exempt status through building stronger bonds between Australia and the United States. All funds were distributed following the strict guidelines of our Foreign Mission Policy, including the publishing of Grant Use Reports on our public website at https://aucommunity.org/grant-use-reports-2020/ In addition to funding direct aid for firefighting equipment, mental health services, and supplies for annual rehabilitation, a Koala Rehabilitation Facility was constructed in Western Sydney from The Australian Communitys donations made to WIRES.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2020 | 2019 | Change | |
|---|---|---|---|
| Revenue | $562,469 | $34,080 | +15.5% |
| Expenses | $497,381 | $20,783 | +22.9% |
| Net Income | $65,088 | $13,297 | +3.9% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Sarah Henderson | Officer and Director | 2.00 |
Director
|
$0 | $0 | $0 |
| Ava Newman | Officer | 2.00 |
Officer
|
$0 | $0 | $0 |
| James Boland | Officer | 20.00 |
Officer
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2020 | $562,469 | $497,381 | $79,622 | $65,088 |
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