Part of the NGOs’ donation woes have come from economic circumstances in Australia. The relationship is far from perfect but, broadly speaking, in years when economic growth has been low, NGO donations have grown very little or have fallen. As the line shows, if we ignore inflation, donations have been on the rise. It’s true that, of the 10 largest NGOs that we follow, eight saw their inflation-adjusted donation revenue fall from 2015 to 2024. We have a full time series of data for the largest NGOs; our data for the smallest NGOs are more patchy.)