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Matter
Matter reported $54.9 million in revenue and $46.8 million in expenses for calendar year 2024. Of every $100 it spent, $97.81 went to program services, $1.55 to management and general costs and $0.64 to fundraising. Its largest source of revenue was contributions and grants: 93.6% of the total. The highest compensation it reported for one person was $207,156 (CHIEF EXECUTIVE OFFICER). 9 people received more than $100,000 in reportable compensation. Revenue rose 91% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $47MFor context, the median across 349 covered food, agriculture & nutrition charities: $94.56 programs, $3.12 management, $2.32 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $55MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 97.8% | 94.2% |
| Management & general Part IX 25(C) ÷ 25(A) | 1.6% | 3.1% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.6% | 2.3% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.01 | $0.02 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 93.6% | 96.4% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 10.5% |
| Program service revenue share Part VIII 2g ÷ 12 | 0.5% | 1.3% |
| Highest reported compensation Part VII-A, columns D–F | $207,156 | $213,323 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.44% | 0.61% |
| People paid over $100,000 Part VII, line 2 | 9 | 3 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 5.1 | 6.6 |
| Independent voting board members Part VI 1a–1b | 18 of 19 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseMatter helps hospitals reduce landfill medical waste by repurposing medical equipment and supplies. This is being accomplished through the matter 360 model of distribution to hospital and clinic partners, resale and recycling. Internationally, matter addresses barriers to health by giving hospitals and clinics the tools needed to care for patients in dignified ways. We source, allocate, and ship life-saving medical supplies and equipment to partners who lack quality healthcare on the front lines of scarcity. Matter partners with governments and organizations to assess healthcare facilities…
Locally, matter activates healthy eating for kids and families in minnesota and around the U.S. Via the matterbox program, an innovative solution to healthy food access and nutrition education. Matterbox addresses the growing need for healthy eating education, especially in communities where poverty and food deserts persist. Each box is an intentionally procured meal kit that gives a dignified experience of healthier eating, as well as recipes, challenges, tools and tips for building sustainable eating habits. Matterbox is not only an immediate response to hunger, but also a channel for…
Matter's education program looks to address systemic issues in educational organizations preventing all students' success, particularly, didactic instructional practices, passive engagement, substitutional level of technology use, and the lack of personalization. The matter innovation hubs model student centric learning to emphasize the importance of creative thinking, problem solving, and creativity. We believe these efforts support the concepts of the 4th industrial revolution: people anywhere, with access to quality internet and transformational technology can learn anythingand apply that…
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| CHIEF EXECUTIVE OFFICER Highest compensated employee, 40.00 hrs/week | $192,766 | $0 | $14,390 | $207,156 |
| EXECUTIVE VP OF MATTER 360 Highest compensated employee, 40.00 hrs/week | $188,177 | $0 | $14,068 | $202,245 |
| CHIEF FINANCIAL OFFICER Highest compensated employee, 40.00 hrs/week | $157,681 | $0 | $10,253 | $167,934 |
| CHIEF ENGAGEMENT OFFICER Highest compensated employee, 40.00 hrs/week | $164,359 | $0 | $0 | $164,359 |
| CHIEF CULTURE & BUSINESS DEVELOPMENT OFFICER Highest compensated employee, 40.00 hrs/week | $152,194 | $0 | $9,397 | $161,591 |
9 people received more than $100,000 in reportable compensation from Matter (Part VII, line 2).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b19 · 18 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2Yes
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 537
- Volunteers Part I, line 611,566
Private foundation grants it received
12 private foundations reported grants to Matter totaling $243K on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Matter's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Matter, you can publish a response that is linked from this page.
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Of every $100 Matter spent in 2024, $97.81 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Global Alliance for Improved NutritionSwitzerland, · revenue $55M · programs 78.5% · FY2025
- The Food Bank for Central & Northeast MissouriColumbia, MO · revenue $55M · programs 95.5% · FY2025
- United Food BankMesa, AZ · revenue $54M · programs 93.7% · FY2025
- Food Bank of Rio Grande ValleyMcAllen, TX · revenue $55M · programs 95.9% · FY2025
- Idaho Foodbank WarehouseMeridian, ID · revenue $54M · programs 92.7% · FY2025
All food, agriculture & nutrition charities · Largest charities in Minnesota
Questions people ask
How much of Matter's spending goes to programs?
In calendar year 2024, Matter reported that 97.8% of its $46.8 million in expenses went to program services, 1.6% to management and general and 0.6% to fundraising (Form 990, Part IX).
How much does Matter pay its top executive?
The largest total compensation Matter reported for one person in calendar year 2024 was $207,156, for the role of CHIEF EXECUTIVE OFFICER (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Matter get its money?
Of $54.9 million in revenue in calendar year 2024, 93.6% came from contributions and grants and 0.5% from program service revenue (Form 990, Part VIII).
Is Matter a registered charity?
The IRS lists EIN 37-1441658 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202512209349300321 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202412199349300411 · read the filing
- 2022: Form 990 for calendar year 2022, object 202302519349300020 · read the filing
- 2021: Form 990 for calendar year 2021, object 202202159349301810 · read the filing
- 2020: Form 990 for calendar year 2020, object 202112639349300341 · read the filing
- 2019: Form 990 for calendar year 2019, object 202043119349302404 · read the filing
All filings for EIN 37-1441658: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.