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Where the money came from

Gross revenue for the entire Society was $900.845 million. This figure includes $628.577 million for the Blood Service which includes $609.189 million government funding, $7.449 million investment income and $11.939 million other income. Revenue for Humanitarian Services was $272.268 million, a $6.088 million increase from the previous year. We had a $15.285 million decline in government funding but this was offset by increases in several areas including, a $8.986 million increase in revenue from donations, including bequests, a $1.933 million increase in sales of goods, a $1.060 million increase in investment revenue, and a $7.898 million gain from the sale of property related assets.

Overall, 46.4% of the funding for our Humanitarian Services came through the Australian community and goods purchased. The Australian public donated more than $101.889 million this year ($98.321 million for our everyday work and $3.568 million for emergency appeals), a strong result driven by the generosity of people who give ongoing monthly donations and people who leave bequests to Red Cross. This year we recorded $29.845 million from the people buying at our Red Cross shops, with retail revenue growing by 7.0% on FY2017 and continuing a strong trend of multi-year growth (FY2017: 10.0% growth).

This revenue is supplemented by substantial non-financial support with Red Cross volunteers and members providing millions of hours of support through the year. There are also gifts in-kind and pro bono services. While we do not place a dollar value on these priceless forms of support, without them our everyday work would not be possible.

Government funding, which includes Commonwealth government and State government funding remains a significant source of income. Commonwealth government funding was $102.863 million, 37.8% of income and State government funding was $16.229 million, 6.0%, of the funding for our humanitarian programs (It was 39.4% and 8.1% respectively in FY2017). We are working to reduce our reliance on the proportion of government funding in the long term and diversify and grow other sources of income. To counter this reduction in government funding, we rely more than ever on the Australian community to support our work.

We assess all funding opportunities through internal review processes to ensure services we fund are aligned with community need and our strategic direction. Thorough risk assessments are conducted to ensure our services remain viable and effective.

Community support for our humanitarian services

Financial support provided by individuals and the community for our everyday, non-disaster services totalled $98.321 million, reflecting the generosity of the Australian public.

The largest source of community support for our everyday work continues to be regular, ongoing monthly contributions. These regular givers donated $41.914 million, a small decline from last year. The overall proportion of our everyday work funded by regular giving reduced to 42.6% (note that this does not include disaster appeals).

Another key group of supporters are people who thoughtfully leave a gift to Red Cross in their Will. Bequests increased to 25.8% of our income and this year provided $25.358 million, a $12.787 million increase on last year.

Almost two in every three dollars given by the community come from regular givers and bequestors, highlighting the huge positive impact made by these groups of ordinary Australians.

We also received income from valued corporate partners, trusts and foundations, individuals making one-off donations, Red Cross members and community groups. Government funding totalled $119.092 million in FY2018, which included $102.863 million from Commonwealth government funding, and $16.229 million from State government funding, altogether accounted for 43.7% of total revenue in our humanitarian services and decreased this year by $15.285 million (11.4%).

This was largely due to the $12.341 million reduction in funding for our Migration Support Programs. Funds for the Status Resolution Support Service program declined to $34.862 million this year, from $47.203 million in FY2017 with a corresponding progressive decrease in client numbers.

In line with Strategy 2020, our International Programs focused on providing efficient and effective support to 14 key partner countries in the Asia-Pacific region. With some significant disaster appeals in the region during 2017-2018, we received $2.500 million for appeals and $7.789 million in International Aid & Development funding from DFAT (Department of Foreign Affairs and Trade). Our government-funded services must meet stipulated conditions over the term of each agreement and are subject to regular review.

Changes in government funding for our humanitarian services work

Government funding totalled $119.092 million in FY2018, which included $102.863 million from Commonwealth government funding, and $16.229 million from State government funding, altogether accounted for 43.7% of total revenue in our humanitarian services and decreased this year by $15.285 million (11.4%).

This was largely due to the $12.341 million reduction in funding for our Migration Support Programs. Funds for the Status Resolution Support Service program declined to $34.862 million this year, from $47.203 million in FY2017 with a corresponding progressive decrease in client numbers.

In line with Strategy 2020, our International Programs focused on providing efficient and effective support to 14 key partner countries in the Asia-Pacific region. With some significant disaster appeals in the region during 2017-2018, we received $2.500 million for appeals and $7.789 million in International Aid & Development funding from DFAT (Department of Foreign Affairs and Trade). Our government-funded services must meet stipulated conditions over the term of each agreement and are subject to regular review.