Total assets refers to the total amount of assets owned by an entity. Assets are items of economic value, which are expended over time to yield a benefit for the owner. Assets supply future benefits to a charity and include anything of commercial value managed by the charity at the end of a reporting period. Some categories may only be relevant for charities using accrual accounting. This amount is determined by combining the total non-current assets and the total assets (Total current assets + Total non-current assets).
Integrity, honesty and unbiased assessment are at the core of Giving Guide’s mission. The charity sector is important to the economy and culture of Australia, We believe independently assessing the accountability, transparency and effectiveness of the sector beyond what is currently available is important to it's future.
Giving Guide anticipates enhancing the level of governance and transparency in the Australian charity sector. An independent charity advisor would benefit the sector by helping charities consider exceeding the existing governance standards of the Australian Charities and Not-for-profits Commission (ACNC) to the benefit of donors.