SROI Shows Impactful Growth for SisterWorks
SROI Shows Impactful Growth for SisterWorks
Every $1 invested in SisterWorks generates $4.30 of social and economic impact, according to SisterWorks Social Return on Investment (SROI) analysis for the 2022 calendar year. The analysis conducted by Social Ventures Australia demonstrates SisterWorks has experienced remarkable growth in the last few years.
‘We are extremely humbled with the outcomes that SisterWorks has for our Sisters and the broader community. This analysis demonstrates the level of impact that every dollar invested in SisterWorks can have, delivering immediate and long-term outcomes for our Sisters, Partners, Government and Volunteers.’ says SisterWorks CEO Ifrin Fittock.
Learn more about our impact here:
Growth in SisterWorks Impact
SisterWorks last completed an SROI in 2019 where it was determined that $1 invested in SisterWorks generated $2.40 of social, economic and cultural value. Since then, SisterWorks has undergone a period of rapid growth – working with more Sisters, expanding social enterprise production, engaging with more employment pathway partners, and delivering the Second Chance Education Programme with UN Women.
The 2022 SROI reflects the remarkable growth and development of SisterWorks as it reaches its 10 year anniversary.
What is an SROI?
A SROI is an internationally recognised methodology used to understand, measure and value the impact of a program or organisation; this includes the social, economic and environmental outcomes created by the activities of the program and the costs of creating them. The outcome of an SROI analysis is a story about the total value of change created, relative to the investment.
If you would like to learn more about SisterWorks SROI or how you can support SisterWorks contact grants@sisterworks.org.a
