Skip to content
← Canadian charitiesAlso makes grants — grantmaker profile →

Ontario · Registered charity

The Democracy Fund

The Democracy Fund (Ontario) receives grants from 40 organizations whose Canada Revenue Agency filings report C$2,005,346 to it, the largest being ABUNDANCE CANADA (C$507,629). 23 of them have funded it in more than one year.

C$1.8M
Revenue FY2024
40
Funders on record
C$2.0M
Grants received
C$680k
Net assets
23/40 repeat funderspeak grant-dependency 15%

Three funders worth looking at

Grantmakers with no record of funding this organization, ranked by how strongly the co-funder graph and the mission embeddings agree. The evidence is in section 03.

See all 12 prospects and why each one surfaced →
01The organization over time

The organization over time

Each line starts at 100 in 2019, so what you read is the shape rather than the size: 150 means half as much again as 2019, 50 means half. The number beside each label in the key is where it ended.

100 = 20192019 2020 2021 Revenue 100 (C$5.7M) Expenses 100 (C$2.5M) Net assets 100 (C$3.2M)2022 Revenue 49 (C$2.8M) Expenses 173 (C$4.4M) Net assets 50 (C$1.6M)2023 Revenue 34 (C$2.0M) Expenses 117 (C$3.0M) Net assets 19 (C$610k)2024 Revenue 31 (C$1.8M) Expenses 68 (C$1.7M) Net assets 21 (C$680k)
201920202021202220232024
Revenue (31)Expenses (68)Net assets (21)

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2021
2022
2023
2024
ContributionsProgram revenueInvestmentOther

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 2 of the last 4 reported years ran a deficit.

’19
’20
C$3.2M
’21
−C$1.6M
’22
−C$991k
’23
C$30k
’24
4.9
months of
reserve
02Who funds it

Who funds it, year by year

2021 → 2023: the base broadened from 12 funders to 25 funders, grant income fell C$843k → C$247k.

Funder
'21
'22
'23
'24*
total
Abundance Canadaunclassified
C$508k
C$345k
C$195k
C$129k
C$113k
Cidel Foundationunclassified
C$95k
Wcpd Foundationunclassified
C$40k
Lamb Foundationunclassified
C$25k
C$14k
C$13k
C$4k
C$3k
funders
12
23
25
21

From the CRA filings of The Democracy Fund’s funders (the co-funder graph). Top 30 of 40 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024 is still being filed and is shown unshaded; it does not move any figure on this page.

How concentrated its funding is

The Democracy Fund has a broad base — no single funder exceeds 25% of grant income, and it takes 3 funders to reach half.

the vertical line marks half of all grant income — 3 funders to its left

100% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund The Democracy Fund.

25%
largest funder
52%
top three
~8
effective funders

Largest funder’s share by year: 2021 59% · 2022 33% · 2023 41% — diversifying over time.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024 is still being filed and is shown unshaded; it does not move any figure on this page.

Where its funders are

The Democracy Fund draws 63% of its grant income from funders outside Ontario, across 7 regions in all.

In-province vs out-of-province, by year

’21
’22
’23
Ontario out of province

Funder regions come from each funder’s own filing. C$29k arriving through sponsors registered in 3 regions is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024 is still being filed and is shown unshaded; it does not move any figure on this page.

03Its place in the field

Funders to approach

Grantmakers that don’t fund you yet, surfaced two ways: they back organizations that share your funders, or their grantees resemble your mission. The ones both signals agree on come first. Your 40 funders put you under-funded among the 400 organizations that share them.

From the co-funder graph (funders backing at least two comparable organizations, shrunk for grantee count, donor-advised and mega-funds excluded) and the universe embeddings. A research starting point; overlap is association, not a guarantee of fit.

Organizations like The Democracy Fund

Organizations whose mission and program text most resemble this one, by semantic similarity over every charity on the CRA register — the closest peers, and often the clearest route to shared or prospective funders.

In Ontario

Nationally

04Profile & governance

Read directly from this organization’s own T3010 return, as neutral context.

Where the money goes

89% of spending goes to programs.

Program 89%Management 11%Fundraising 0%

Governance

4
board members

Questions and answers

Who funds The Democracy Fund?
The Democracy Fund (Ontario) receives grants from 40 organizations whose Canada Revenue Agency filings report C$2,005,346 to it, the largest being ABUNDANCE CANADA (C$507,629). 23 of them have funded it in more than one year.
How many funders does The Democracy Fund have?
Canada Revenue Agency filings report 40 organizations giving C$2,005,346 in grants to The Democracy Fund, 23 of which have funded it in more than one year.
Who is the largest funder of The Democracy Fund?
ABUNDANCE CANADA is the largest funder on record, with C$507,629 in grants. The full list of funders is on this page.
How can an organization like The Democracy Fund find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Ontario.

These figures are read directly from the CRA's published T3010 data: this organization’s own return for FY2024 (financials across 2021–2024), and the filings of 40 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported September 23, 2026. What this page cannot tell you · View the T3010 on the CRA register