About this organisation
Summary of activities
Next Wave is a leading not-for-profit arts organisation dedicated to supporting early-career artists working across multiple art forms. Next Wave plays a defining role in the Australian arts landscape by empowering and advocating for early-career and experimental artistic practice in Australia. Through mentorships, creative developments, public programs, events, live performances and partnerships, Next Wave creates spaces for gathering and exchange, ambition and experimentation, and meaningful community connections. Established in 1984 as a biennial Festival, Next Wave now runs a year-long program from our home at Brunswick Mechanics Institute, in Naarm/Melbourne. As Next Wave continues to evolve in response to the changing nature of artist and sector needs, its commitment to investing in and nurturing artists at the most critical stage of their career remains constant. Next Wave s program enables artists and audiences to test ideas and push boundaries that embrace new perspectives, challenge our thinking and platform the next generation of arts leaders.
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Outcomes
Outcomes are self-reported by charities
Programs and activities
Name: Kickstart
URL: https://nextwave.org.au/programs/kickstart
Classification: Artist services (Arts and culture > Arts services > Artist services)
Beneficiaries:- Aboriginal and Torres Strait Islander people
- Adults - aged 25 to under 65
- People from a culturally and linguistically diverse background (or people from a CALD background)
- People in rural/regional/remote communities
- People with disabilities
Name: ALL (Artist-Led Learning) School
URL: https://nextwave.org.au/programs/all-school
Classification: Arts education (Arts and culture > Arts services > Arts education )
Beneficiaries:- Aboriginal and Torres Strait Islander people
- Adults - aged 25 to under 65
- General community in Australia
- People from a culturally and linguistically diverse background (or people from a CALD background)
- People in rural/regional/remote communities
- People with disabilities
Name: A Rising Tide
URL: https://nextwave.org.au/programs/a-rising-tide
Classification: Visual arts (Arts and culture > Visual arts )
Beneficiaries:- People from a culturally and linguistically diverse background (or people from a CALD background)
- Youth - 15 to under 25
Name: Brunswick Mechanics Institute
URL: https://nextwave.org.au/programs
Classification: Arts services (Arts and culture > Arts services )
Beneficiaries:- Aboriginal and Torres Strait Islander people
- Adults - aged 25 to under 65
- Families
- Financially disadvantaged people
- Migrants, refugees or asylum seekers
- People from a culturally and linguistically diverse background (or people from a CALD background)
- People with disabilities
Finances
What is this?
This graph shows how much revenue (money in) and expenses (money out) the charity has had each year over the last few years. Charities have many sources of revenue, such as donations, government grants, and services they sell to the public. Similarly, expenses are everything that allows the charity to run, from paying staff to rent.
What should I be looking for?
First off, this graph gives a general indication of how big the charity is - charities range in size from tiny (budgets of less than $100,000) to enormous (budgets more than $100 million). You're also looking for variability - if the charity's revenue and expenses are jumping up and down from year to year, make sure there's a good reason for it.
Unlike companies, charities and not-for-profits aren't on a mission to make money. However, if they spend more than they receive, eventually they will go into too much debt and run into trouble. As a very general rule, you want revenue to be slightly above expenses. If expenses is reliably above revenue, the charity is losing money. If revenue is much larger than expenses, it means the charity might not be using its resources effectively. It isn't always that simple, however, and there's a lot of reasons a charity might not follow this pattern. They might be saving up for a big purchase or campaign, or they might have made a big one-off payment. If you're worried, always look at the annual and financial reports to understand why the charity is making the decisions it is.
What is this?
If a charity receives more money than it spends, that's a surplus (in business, it would be called profit). If it spends more than it receives, that's a deficit. This chart shows surpluses and deficits for the charity over the last few years.
What should I be looking for?
Unlike companies, charities and not-for-profits aren't on a mission to make money. However, if they spend more than they receive, eventually they will go into too much debt and run into trouble. As a very general rule, you want a charity to make a small surplus on average. A deficit means that charity lost money that year, which may indicate poor financial management or just a series of bad circumstances. If the charity always has a huge surplus, it means the charity might not be using its resources effectively. It isn't always that simple, however, and there's a lot of reasons a charity might not follow this pattern. They might be saving up for a big purchase or campaign, or they might have made a big one-off payment. If you're worried, always look at the annual and financial reports to understand why the charity is making the decisions it is.
What is this?
This chart compares the amount the charity receives from various sources, including donations (i.e. money given by the general public or philanthropy), goods and services, government grants, and other sources.
What should I be looking for?
Donations are an important source of revenue for some charities. Others rely more heavily on government funding, or on revenue from other sources. This is an indication of how much they need donors to accomplish their mission. Note that there is no 'good' or 'bad' amount of donations for a charity to have. It might be interesting to look at values over time - are they going up or down? A charity that gets less donations every year may be in trouble.
What is this?
Assets are things that the charity owns that are worth something. This could be anything from a car to investments. Similarly, liabilities are debts or obligations that the charity owes to someone else, like a loan or an agreement to pay for something.
What should I be looking for?
Firstly, in general a charity should have more assets than liabilities. If it doesn't, it implies that the charity might not be able to pay its debts, and you should look very closely at the charity's annual and financial reports to make sure they are taking steps to remedy this. Current assets should generally be above current liabilities - that means the charity can easily pay off the debts that are coming due soon. Beyond that, look for a large stockpile of assets. While a charity should have enough assets to keep it afloat in hard times (a 'buffer') if that stockpile gets too large the charity could be using that money more effectively. As always, if you have concerns check the annual and financial reports.
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