An Investigation on Practical Information Disclosures by Non-Profit Organizations in China

Abstract

Changes in the social environment have made the people's needs of public services present-day in China. However, the needs are so large that the government cannot always answer such needs on its own account. Therefore, a non-profit organization (NPO) is expected to solve this problem. Here, NPOs should appropriately provide the information that meets the needs of their stakeholders. Such information could establish trust in their management just like the business enterprises. Most of items regard the Foundation Transparency Index (FTI) as an indicator concerning the quality of NPOs' information disclosure. However, the quality should be embodied not only in the completeness but also in the accuracy and the timeliness. The article deals with the case of China Charities Aid Foundation for Children (CCAFC) which got the full-mark of FTI. It focuses on researching the information disclosure practice by CCAFC from 2010 to 2017. It finds out that though the CCAFC got the full-mark, the information disclosure still has problems not only in the completeness but also in the accuracy.