Submitting Form IRS 990-N can fulfill your annual reporting requirements, as can the other IRS 990 filings for nonprofits: Form 990 or Form 990-EZ.
Small non-profits can typically file the 990-N form if their gross receipts and income are $50,000 or less. This threshold must include all money received before subtracting expenses or costs. Very often, start-up nonprofits operating for three years or less may fall into this category.
However, it’s important to note that some nonprofit organizations cannot follow the IRS 990-N filing process, even when their gross receipts are less than the $50,000 threshold. Organizations in this category must follow other IRS 990 filings for nonprofits. Contact BryteBridge to learn more and speak with a consultant.