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Financial Management

Creative Partnerships Australia’s income comprises mostly grant revenue from the Australian Government (41%) and donations raised for the Australian Cultural Fund (56%). Creative Partnerships Australia’s total income for the year was $11,071,827 compared to total expenses of $8,520,344, resulting in a surplus of $2,551,483. This surplus is comprised of funds unspent due to the timing associated with the payment of grants through the Australian Cultural Fund and the delivery of mentoring programs across two financial years.

In the 2017-18 financial year, Creative Partnerships Australia’s overhead increased from 12% to 16% of expenditure due to required IT upgrades for the Australian Cultural Fund
online platform.