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May 15th Deadline for Small Exempt Organizations — Form 990-N

May 15th Deadline for Small Exempt Organizations — Form 990-N

April 29, 2024

Most small tax-exempt organizations that have an annual reporting requirement can satisfy the requirements by submitting Form 990-N, Electronic Notice (e-Postcard) for Tax-Exempt Organizations Not Required to File Form 990 or Form 990-EZ. Form 990-N is submitted electronically, there are no paper forms.

An organization eligible to submit Form 990-N can instead choose to file Form 990 or Form 990-EZ to satisfy its annual reporting requirement.

Small tax-exempt organizations generally are eligible to file Form 990-N to satisfy their annual reporting requirement if their annual gross receipts are normally $50,000 or less.

  • Gross receipts are the total amounts the organization received from all sources during its annual accounting period, without subtracting any costs or expenses.
  • Gross receipts are considered to be normally $50,000 or less if the organization:
    • Has been in existence for 1 year or less and received, or donors have pledged to give, $75,000 or less during its first tax year;
    • Has been in existence between 1 and 3 years and averaged $60,000 or less in gross receipts during each of its first two tax years; and
    • Is at least 3 years old and averaged $50,000 or less in gross receipts for the immediately preceding 3 tax years (including the year for which calculations are being made).

Read the full article from the IRS here.