DV charity in the red
ANTI-DOMESTIC violence charity White Ribbon is in the red by more than $840,000, its latest financial report reveals.
Yesterday the prominent Australian charity, which helps encourage men to speak up against violence against women, refused to answer questions about whether it might be forced to call in financial administrators.
Detailed financial reports lodged with the charity regulator show a blowout in employee and supplier costs by an extraordinary $2.1 million over the previous year’s figures.
White Ribbon relies on public donations and sponsorship and only receives 10 per cent of its funds from the government. While it boosted revenue from fundraising by $915,000 during the financial year to June 2018, it still wasn’t enough to put it in the black.
The not-for-profit spent a whopping $7 million on staff and suppliers compared with $4.9 million the year before.