The IRS desires to understand about some groups just about every year. These groups include things like the following:
- Private foundations: Just about every private foundation ought to file a Form 990-PF, no matter its size.
- Bigger nonprofits: Most nonprofits which have incomes of extra than $25,000 frequently must file either Form 990 or 990-EZ.
- Absolutely everyone else: Organizations which might be tax-exempt beneath Sections 501(c), 527, or 4947(a)(1) on the U.S. tax code and that do not fall in to the exemptions listed inside the subsequent section (“Organizations that do not must file a 990”) ought to file a 990 or 990-EZ just about every year devoid of fail.
