Matter

Analysis

Matter is a registered charity in United States, based in St Louis Park, MN. It received its IRS tax-exemption ruling in January 2003, 23 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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 December 2023, Matter reported income of $35.0m and spending of $35.7m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $28.7m to $35.0m (+22%), an average of +5.1% a year. The sharpest change came in the year to December 2021, when income rose by 29%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Matter sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within MN. Charities of a similar size with the same main cause include American Farmland Trust ($34.9m), United Community Action Network ($35.0m) and Hively ($34.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 1.1% of the total. Compensation of current officers, directors and key employees was $842k (2.4% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $12.8m against liabilities of $1.1m, net assets of $11.7m. It reported 33 employees.