Charities have an ongoing obligation to report each reporting period. Charities report by submitting an Annual Information Statement (AIS) and an annual financial report (if medium or large in size).
Report according to your charity’s size
Your charity’s financial reporting and other obligations to the ACNC depend on whether it is considered a small, medium or large charity.
The size of your charity is based on its total annual revenue for the period upon which it is reporting.
Small charities have annual revenue under $250,000
Medium charities have annual revenue over $250,000 but under $1 million
Large charities have annual revenue of $1 million or more.
Revenue is a component of total income. A simple formula to help charities understand this is: Revenue + Other Income = Total Income.
Generally, all charities must submit their Annual Information Statement within six months from the end of their reporting period.
The two most common reporting deadlines are:
31 December for charities reporting to a regular financial year (1 July to 30 June)
30 June for charities using a calendar year reporting period (1 January to 31 December).
The standard ACNC reporting period is the financial year, 1 July to 30 June. If your charity uses a different reporting period, you need to request to use this reporting period for your Annual Information Statement.
Failure to submit an Annual Information Statement
If your charity does not submit its Annual Information Statement and takes no action to try to do so, the ACNC will:
* issue penalty notices if we find your charity is deliberately not meeting its obligation to report, and/or
* publish a statement that your charity’s Annual Information Statement is overdue on the ACNC Register. This will appear on your charity’s entry on the Register if it fails to submit for more than six months after the due date.
The ACNC can impose penalties on charities that fail to submit their Annual Information Statement on time.
If your charity does not submit an Annual Information Statement for two or more years, demonstrating persistent non-compliance, the ACNC will progress towards revoking its registration. This will result in the ATO removing your charity’s entitlement to charity tax concessions.
For further information, please visit the ACNC site.