Mennonite Economic Development Associates

Analysis

Mennonite Economic Development Associates is a registered charity in United States, based in Lancaster, PA. It received its IRS tax-exemption ruling in December 1981, 45 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Mennonite Economic Development Associates reported income of $11.6m and spending of $10.8m, spending 94% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $9.3m to $11.6m (+25%), an average of +7.7% a year. The sharpest change came in the year to June 2022, when income rose by 65%. Over the whole period it spent 89% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Mennonite Economic Development Associates sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 94th percentile within PA. Charities of a similar size with the same main cause include Ywam Ships Orange County ($11.5m), Development Gateway Inc ($11.6m) and Iit Bombay Heritage Foundation ($11.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 1.8% of the total. Other salaries and wages came to $825k. At year end it held assets of $19.7m against liabilities of $5.6m, net assets of $14.2m. It reported 14 employees.