Financial Management
Creative Partnerships Australia's income comprises mostly grant revenue from the Australians Government (49%) and donations raised for the Australian Cultural Fund (51%). Creative Partnerships Australia’s total income for the year was $9,545,316 comparedto total expenses of $11,445,265, resulting in a deficit of $1,899,949. This deficit is due to the timing associated with the payment of grants through the Australian Cultural Fund.
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https://www.transparency.gov.au/annual-reports/australia-business-arts-foundation-ltd/reporting-year/2019-20-18