A 20 per cent revenue cut to the charity sector could cause almost 90% of charities to immediately make an operating loss, according to a new report from Social Ventures Australia and the Centre for Social Impact.
Social Ventures Australia CEO Suzie Riddell said this would mean hundreds of thousands of charity sector jobs could be lost unless the sector receives more support.
Riddell said the report showed that thousands of charities were at risk at a time when she said the sector should be being prepared to aid recovery post COVID-19.