Small charities are those that have an annual revenue of less than $250,000.
Annual Information Statement
Small charities must submit an Annual Information Statement. The Annual Information Statement asks a charity to provide information about its operations, programs and finances.
Visit www.acnc.gov.au/ais for more on the Annual Information Statement - including links to Annual Information Statement guides and resources.
- have the option to submit a financial report
- if they do so, they can submit either a special purpose financial statement or a general purpose financial statement
- can choose whether to use cash or accrual accounting, and
- do not need to have their financial statements reviewed or audited for ACNC purposes.
For small charities, submitting an annual financial report is optional, although the ACNC encourages them to do so. And if a small charity's governing documents require it to submit financial statements, it must do so.