Do You Need to File Form 990?

With a few exceptions, any organization recognized as exempt from Federal income tax must file an annual information return (Form 990 or 990-EZ) if it has averaged more than $25,000 in gross receipts* over the past three tax years.

That means your organization could have a Form 990 or 990-EZ filing requirement one year and then not have it the next. It all depends on your gross receipt average over the previous three tax years.

*NOTE: Beginning in 2008, small tax-exempt organizations that previously were not required to file returns may be required to submit an annual electronic notice, Form 990-N, Electronic Notice (e-Postcard) for Tax-Exempt Organizations Not Required to File Form 990 or 990-EZ. This reporting requirement applies to tax periods beginning after December 31, 2006. The information you’ll need to report on  Form 990-N is much less extensive than that required on Forms 990 or 990-EZ. For more information on filing Form 990-N, visit the Charities and Non-Profits page at www.irs.gov.