Does "identifies the material with the spiritual universe" mean "it says that material world and spi

Does "identifies the material with the spiritual universe" mean "it says that material world and spiritual universe are like each other"?

As a body of workers they are closer to the spirit of the New Testament than many Church folk would be ready to believe. The Church of England should look upon Spiritualism as a valuable ally. It makes a central attack upon Materialism, and it not only identifies the material with the spiritual universe, but it has a store of useful knowledge and advice.

"The History of Spiritualism," by Sir Arthur Conan Doyle