Our finances

In the last year our work reached more than 162,534 children and young people in need in 91 communities across Australia, thanks to the support of caring Australians.

Over the five years to June 2023, 72% of funds raised from individual supporters and  partner organisations has been spent on our community programs.

We continue to manage the funds entrusted to us effectively and efficiently, helping us to direct more of the funds raised to our community programs by:

• Our expenditure on administration averaged 3.1% of total income throughout the year, and
• through an incredible 5,162 volunteers supporting our work in every state and territory in 2022–23, donating more than 108,341 hours of their time, valued at $3.4m.

Thanks to the ongoing commitment of all our supporters, in 2022–23 we invested a record $111.5 million in our community programs.

The Smith Family is committed to improving the long-term educational outcomes of young Australians living with disadvantage.

To achieve this, our support starts in a child’s early years, when we work with their family and community to build those important foundational skills children need to succeed at school.

Once a child starts school, we ensure they have the everyday school essentials and extra support they need to engage fully with their education, from kindergarten to Year 12. If they go on to tertiary education, we connect them with a mentor, and provide additional resources to help them take the first steps in their chosen career.

We also support parents and families by enabling them to develop confidence and skills to engage positively with their child’s education. With this assistance, parents can help their children reach their full potential.

Our long-term, targeted educational support gives children and young people opportunities to develop the tools they need to break the cycle of disadvantage and build a better future for themselves.

The Smith Family was awarded Gold at the Australasian Reporting Awards in 2023

Annual Report 2022–23 PDF
Financial Report 2022–23 PDF

Annual Report 2021–22 PDF
Financial Report 2021–22 PDF

Annual Report 2020–21 PDF
Financial Report 2020–21 PDF

Annual Report 2019–20 PDF
Financial Report 2019–20 PDF

Annual Report 2018–19 PDF
Financial Report 2018–19 PDF

The Smith Family is a registered charity. We are governed by a Constitution and embed governance structure that enables us to achieve our mission in a way that is consistent with our vision, values and strategy, creating opportunities for young Australians in need by providing long-term support for their participation in education.

The Smith Family's charitable status

The Smith Family’s status as a Public Benevolent Institution (PBI) was confirmed in July 2005 by the Australian Taxation Office as part of its registration requirements for all non-profit entities, as was the organisation’s status as an Income Tax Exempt Charity and a Deductible Gift Recipient. The organisation enjoys certain other tax concessions and exemptions consistent with its status as a PBA which relate to Goods & Services and Fringe Benefit Taxes.

The Smith Family is registered as required by law in each State and Territory where it raises funds as follows:

Australian Capital Territory

Registration number L19000133 – renewable in 2020

New South Wales

Registration number CFN 11049 – renewable in 2019

Queensland

Registration number CP 4163 – registration is ongoing subject to meeting certain annual financial reporting requirements

South Australia

Registration number 778 – ongoing subject to continued registration with the ACNC

Tasmania

Registration number 170 – registration is ongoing

Victoria

Registration number 10290 – renewable in 2021

Western Australia

Registration number 20352 – renewable annually

Smith Family is a company limited by guarantee (ABN 28 000 030 179). The Smith Family’s auditor is Ernst & Young. Legal services are provided by King & Wood Mallesons and banking by Westpac Banking Corporation.