The sector engages hundreds of thousands of volunteers and provides most social and community services at a cost saving to the state. This social economy creates jobs while fulfilling the need for essential services, promoting social inclusion, and enhancing community health and wellbeing. It positively impacts millions of lives here and abroad.
Despite the differences in size and structure among organisations in the sector, they share some key traits. They are all:
- Governed by boards of unpaid volunteers
- Operated for the public good on a nonprofit basis, prioritising the needs of people and communities.