To keep things confusing, the IRS Return of Organization Exempt From Income Tax is Form 990. There is no additional designation. At BryteBridge, we refer to form 990 as the Full Form because it is the complete 990 annual report. Organizations with more than $200,000 in gross revenue or assets greater than $500,000 must file Form 990 (Full Form).
For example, an organization may have $35,000 in gross revenue, which means it qualifies for the 990-N filing. However, say the organization owns the building where it conducts operations, and its value is $750,000. While the organization’s revenue qualifies it to file the 990-N, its asset requires the 990 (Full Form). Organizations that otherwise qualify to file Form 990-N or 990-EZ may also choose to file the Full Form for public transparency and accountability.