Material Innovation Institute

Analysis

Material Innovation Institute is a registered charity in United States, based in Napa, CA. It received its IRS tax-exemption ruling in April 2020, 6 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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, Material Innovation Institute reported income of $1.2m and spending of $1.5m, spending 131% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $652k to $1.2m (+79%), an average of +21% a year. The sharpest change came in the year to December 2022, when income rose by 93%. Over the whole period it spent 81% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Material Innovation Institute sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within CA. Charities of a similar size with the same main cause include Orange County Land TR ($1.2m), Nebraska Game and Parks Foundation ($1.2m) and Wildwood Outdoor Education Center Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 6.4% of the total. Compensation of current officers, directors and key employees was $246k (16% of expenses). Other salaries and wages came to $664k. At year end it held assets of $898k against liabilities of $19k, net assets of $879k. It reported 8 employees.