Website to bring 'transparency' to charity sector finances
Published 23/06/2015 | 02:30
Information on the finances of a range of bodies, including charities and sporting organisations, that receive State funding will be available to the public on a new website to be launched early next year.
Following recent scandals involving top-ups paid to charity executives, Public Expenditure Minister Brendan Howlin said the new Benefacts.ie website would bring "accountability and transparency" to the sector.
The site will include information on sources of revenue, items of expenditure, and serving directors or officers for the country's 12,000 'non-profits'.
These are categorised as non-commercial bodies in receipt of public funding but independent from Government and which have no private equity.
There must also be a voluntary aspect to the body, whether that be among staff or a voluntary board, and they also need to perform some form of public good.
Bodies that will come under this include hospitals, colleges and universities, charities, human rights groups and sporting bodies, as well as many other groups.
Currently, information on these groups' finances would generally have only been accessible by paying for it from the Companies Registration Office.
The website is co-funded by State grants totalling €1.95m, a grant of €1.8m from Atlantic Philanthropies and €400,000 from the Ireland Funds.