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Georgia · Nonprofit

GREY MATTERS PROJECT INC

GREY MATTERS PROJECT INC (Georgia) receives grants from 22 organizations whose IRS filings report $1,535,239 to it, the largest being THE SAVANNAH COMMUNITY FOUNDATION INC ($220,900). 13 of them have funded it in more than one year, and 56% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.

Revenue FY2024
$831k
Funders on record
22
Grants received
$1.5M
Net assets
$811k
13/22 repeat funderspeak grant-dependency 46%
01What it does

What Grey Matters Project Inc does

Mission

To provide non-partisan, solutions-based investigative journalism without bias, fear or favor with clear focus on issues affecting Savannah and Coastal Georgia.

As stated on its FY2024 Form 990.

Program

  1. Providing non-partisan, solutions-based investigative journalism without bias, fear or favor with clear focus on issues affecting savannah and coastal georgia.

    $649,570 spent$1,256,847 earned by the program
    100% of program spending

The program described on its FY2025 Form 990. Program spending in total: $649,570.

02The organization over time

The organization over time

Each line starts at 100 in 2020, so what you read is the shape rather than the size: 150 means half as much again as 2020, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20202020 Revenue 100 ($127k) Expenses 100 ($107k) Net assets 100 ($29k)2021 Revenue 276 ($349k) Expenses 132 ($141k) Net assets 801 ($230k)2022 Revenue 610 ($772k) Expenses 368 ($394k) Net assets 2119 ($608k)2023 Revenue 603 ($763k) Expenses 719 ($771k) Net assets 2091 ($600k)2024 Revenue 657 ($831k) Expenses 845 ($907k) Net assets 2825 ($811k)
20202021202220232024
Revenue (657)Expenses (845)Net assets (2825)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2021 to 2022, from $233k to $624k (+168%).

$37k
$233k
$624k
$606k
$811k
20202021202220232024
Total assetsTotal liabilities

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.

2020
2021
2022
2023
2024
ContributionsProgram revenueInvestmentOther

98% of GREY MATTERS PROJECT INC’s revenue is contributions — more donation-reliant than the typical peer (62% for the typical peer).

This organization
Typical peer · 12,454 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 2 of the last 5 reported years ran a deficit.

$19k
’20
$208k
’21
$378k
’22
−$8k
’23
−$76k
’24
9.4
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Board chair

Hyde Post

Chairman

As listed on its FY2025 Form 990.

2021202220232024
Listed77810
Joined·+0+2+2
No longer listed·010
03Who funds it

Who funds it, year by year

2020 → 2023: the base broadened from 1 funder to 11 funders, grant income rose $10k → $272k.

9 of 22 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 56% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

From the IRS filings of GREY MATTERS PROJECT INC’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

GREY MATTERS PROJECT INC has a broad base — no single funder exceeds 14% of grant income, and it takes 4 funders to reach half.

the vertical line marks half of all grant income — 4 funders to its left

77% 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 GREY MATTERS PROJECT INC.

14%
largest funder
40%
top three
~10
effective funders

Largest funder’s share by year: 2020 100% · 2021 65% · 2022 24% · 2023 31% — 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–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How long its funders stay

100% of GREY MATTERS PROJECT INC's funders are still giving 2 years after their first grant; 59% give in more than one year at all.

first grant+1y+2y

Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.

Where its funders are

56% of GREY MATTERS PROJECT INC's grant income arrives through donor-advised or pass-through sponsors, whose addresses record where the money is held rather than where the donor is. Of the $671k that is directly attributable, 98% of it comes from funders outside Georgia, across 8 states.

IL
WI
NY
MA
CA
DC
OK
GA

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

’20
’21
’22
’23
Georgia out of state home

Funder states come from each funder’s own filing. $865k arriving through sponsors registered in 7 states 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–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

GREY MATTERS PROJECT INC has grown faster than three-quarters of the 11,990 community improvement nonprofits its size.

Operating margin−9% · bottom quartile
Months of reserve9.4mo · above the median
Revenue growth (annualized)60% · top quartile

this organization peer median middle 50% of peers· 11,990 community improvement nonprofits $100k–$1M, FY2024

Organizations like GREY MATTERS PROJECT INC

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Georgia

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

87% of spending goes to programs.

Program 87%Management 10%Fundraising 3%

Governance

10
board members
0%
independent
–Conflict-of-interest policy–Whistleblower policy–Document retention✓Board reviewed the 990–Audited financials

Public support

99%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Footprint & structure

Files a return copy in 1 state

GA

Screen this organization

A dated, signed PDF of the compliance screen for GREY MATTERS PROJECT INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

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Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds GREY MATTERS PROJECT INC?
GREY MATTERS PROJECT INC (Georgia) receives grants from 22 organizations whose IRS filings report $1,535,239 to it, the largest being THE SAVANNAH COMMUNITY FOUNDATION INC ($220,900). 13 of them have funded it in more than one year, and 56% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
How many funders does GREY MATTERS PROJECT INC have?
IRS filings report 22 organizations giving $1,535,239 in grants to GREY MATTERS PROJECT INC, 13 of which have funded it in more than one year.
Who is the largest funder of GREY MATTERS PROJECT INC?
THE SAVANNAH COMMUNITY FOUNDATION INC is the largest funder on record, with $220,900 in grants. The full list of funders is on this page.
How can an organization like GREY MATTERS PROJECT INC find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Georgia. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

Play a game about who funds Grey Matters Project →

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2020–2024), and the filings of 22 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 October 22, 2026. What this page cannot tell you · view filing