What Is The Purpose Of This Form?

The forms helps tax-exempt organizations, nonexempt charitable trusts, and section 527 political organizations report on their activities and finances so that the IRS can make sure they are following the law. Members of the public rely on this form as their primary or sole source of information about the organization.

The series 990s are due every year by the 15th day of the 5th month after the close of your tax year. 

You can file this form to report your small tax-exempt organization's yearly gross receipts if it is normally $50,000 or less. If you choose not to file Form 990 or Form 990-EZ, then you can submit this form electronically.

• Gross receipts are considered to be normally $50,000 or less if the organization:
  • Has been in existence
    • Less than one year and during its first taxable year, it or its donors pledged to give $75,000 or less OR
    • 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 has averaged $50,000 or less in gross receipts for the immediately preceding 3 tax years

Gross receipts are the total amount of money received by an organization from all sources over the course of a year. This does not include any costs or expenses.

What Are Latest Developments Relevant To Me?

Filing extension. The IRS has extended the deadline to file all series of Form 990. If the deadline for these actions fell on or after April 1, 2020, through July 14, 2020, the deadline has been extended to July 15, 2020. Learn more.

What Does The Form Look Like?

This form is prepared and submitted online. Watch our step-by-step video instructions.

We Hope This information Was Helpful.

If you found this information helpful, share it with others and let us know your thoughts about it by sharing your comments below. We appreciate it.