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Muhammad Munadi
Universitas Islam Raden Mas Said Surakarta
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Analysis of Revenue Sources and Alternatives at Minaret College, Australia 2023–2024 Yuliati, Yuliati; Afif, Muslihul; Munadi, Muhammad
International Journal of Active Learning Vol. 10 No. 2 (2025): October 2025
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/ijal.v10i2.36631

Abstract

This article aims to analyze the structure and development of Minaret College’s revenue in Australia, with a focus on the 2023–2024 financial report. The research method employs a qualitative approach using the 2023–2024 financial report text. Data analysis utilizes quantitative percentage analysis and qualitative descriptive interpretation. The results show that the institution’s income is predominantly derived from government grants (federal and state), accounting for more than 85% of total revenue. In 2024, total income increased by 6.49%, with the main contributions coming from federal government grants (65.23%) and state grants (19.77%). Other income sources, including parental contributions and paid program revenues, exhibited slower growth but remain essential for financial diversification strategies. This article highlights the institution’s need to develop more sustainable alternative income sources, such as endowment funds, paid programs, and community-based philanthropy. Financial management is conducted transparently through publication on the institution’s website and the ACNC (The Australian Charities and Not-for-profits Commission). To enhance trust and partnership opportunities, the institution is audited by the independent auditor Bunnet & Bassal Pty Ltd. This study offers strategic policy recommendations to improve the financial independence of Minaret College and ensure its operational sustainability in the context of evolving global education policies.
Co-Authors A.A. Ketut Agung Cahyawan W Abdul Matin Abdul Matin Afif, Muslihul Afriyanto, Juwandi Ahmad Juhaidi Ahmad Umar Ahmad Umar Ahmad Umar Akhmad Anwar Dani Aminuddin Aminuddin anastasia Andika, Aryan Anggraini, Novianni Ariana, Erina Friesca Arief Hendra Kurniawan Az Zahra, Khofifah Baidi Bainah, Bainah Burhan Ibnu Mubtadi Chusniyah, Atin Dwi Ratnawati, Yunie Fachrudin Abdul Ganie Fajar Mahfiroh Fauzi Annur Fetty Ernawati Fitri Ana Ika Dewi Hakim, Tio Imam Hakiman Hamid Abdillah Hanik Afidatur Rofiah Hariningsih, Hariningsih Hastuti, Tri Yuni Hasyim Asyari Ida Royani Irma Solikhah, Putri Iskandar, Riki Istilamah Laili Junanto, Subar Khofifah Umi Rahmawati Khuriyah . Kusyaeni Mighfar, Shokhibul Mudofir Muhamad Nur Zaman Muhammad Fajar Tri Santoso Muslimah Susilayati Mustauda, Amy Mutadi Mutadi Nadia Nur Ngalimun Ngalimun Noor Alawiyah Noor Alwiyah Nugrahani, Mita Nur Wachid Supriyadi Nurdin, Akhmad Nurul Maya Astuti Nurul Rahmawati Purwanto Puspitasari, Veronicca Rahayu, Watik Raysita Gusti Purbaningrum Retno Wahyuningsih Ridwan Afandi RISWAN, DEDY Riyanto, Nafiah Lintang Rosalia Sari Rosyid Al Hassany, Ibnu Rustam Ibrahim Rustam Sidiq Saiddaeni Shokhibul Mighfar Sidiq Nugroho Sidiq, Rustam Siti Choiriyah Siti Maratush Sholihah Sukarno Sukarno Sulistiyono, Tato Priyo Suparni Suparni Suprapti Suprapti Supriyadi, Nur Wahid Supriyanto Supriyanto Susilo Surahman Susiloningsih, Susiloningsih Sutiyoko Sutiyoko Sutiyoko Sutiyoko Sutiyoko, Sutiyoko Suwarta Suwarta Syamsudin, Arif Tajudin, Anas Tato Priyo Sulistyono Tugino Tugino Umami, Lailia Hanif Umar, Ahmad Uwais Chesoh Wahyuningsih, Tuti Yuliati - YUNIAWAN, EKO Zaenal Muttaqin Zahruddin Zahruddin, Zahruddin Zulfa, Izzah