Westpac Community Confidence Index
We're excited to announce the release of the first ever Westpac Community Confidence Index.
Commissioned in July 2011, this first edition is a robust research paper that examines the level of confidence the community sector is feeling about:
- Financial security
- Workplace operations and
- Future prospects.
Westpac Social Sector Banking has partnered with Our Community, a leading social enterprise that provides advice, tools and training for Australia's not-for-profit community groups, to provide a benchmark to measure the health and optimism of the community sector.
Nearly 1,000 Not For Profit (NFP) organisations participated in the inaugural study making it one of the largest research pieces conducted by a financial institution on the NFP sector in Australia.
The Westpac Community Confidence Index will be an ongoing survey of the not-for-profit sector to establish industry sentiment - measured every quarter with findings released on a six-monthly basis.
The findings will provide valuable insights into the state of the sector, highlighting the challenges and opportunities facing the sector.
In this first edition, read how
- 61% of NFPs are expecting an overall increase in income over the next 12 months
- 1 in 4 NFPs have experienced an increase in overall income over the past 6 months
- 82% of NFPs are actively exploring additional sources of income
- 85% are confident of achieving their objectives in the next 12 months.
Like to know more?
Read the full Westpac Community Confidence Index October 2011 edition (PDF 4.8mb)
