A 24% return on revenue

Te Whānau O Waipareira Trust group's 2023/24 annual report shows net assets of $103.8m – more than double what they were four years ago. Its net annual surplus hit a record $20.6m (24% of revenue, also a record), and the group now holds over $75m in cash & cash equivalents. https://t.co/I69rRkNsPF pic.twitter.com/CQqRxeX75s

— Charted Daily (@Charteddaily) December 1, 2024

A surplus or profit that is 24% of your revenue is astonishing. Not just astonishing for a charity that is almost entirely taxpayer funded, but would be astonishing for a commercial company.

Of the top 100 companies in NZ, only seven have a higher profit as a share of revenue than the Waipareira Trust. So this taxpayer funded charity is making a higher profit than 93% of the top 100 companies in NZ.

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