Mennonite Economic Development Associates of Canada

Mennonite Economic Development Associates of Canada is a charitable organization based in Waterloo, Ontario, classified by the CRA under organizations relieving poverty. It appears on the charity register the way hospitals, universities, and other publicly funded bodies do — to issue tax receipts — rather than as a donation-driven charity in the usual sense. In its fiscal year ending June 30, 2024, it reported $44.2M in revenue and $48M in expenditures.

Its funding that year was roughly 56% from government, 30% from other charities. Government funding is the majority of its budget. In 2024, 29 other registered charities reported granting it a combined $4.8M.

Compared with 427 poverty-relief institutions of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 13% of peers. Its reserves, measured in years of spending on hand, sat in the top decile of the group. Its highest-paid position fell in the $250,000–299,999 range. The charity reported 61 permanent full-time positions.

It reported gifts to 1 qualified donee totalling $5.7M in 2024, the largest being $5.7M to MEDA Impact Investments. Its filed list of directors and trustees shows 7 names.