Federal Filing Requirements for Non Profits

There are three versions of the IRS annual information return: Form 990, Form 990-EZ, and Form 990-N. The version of the 990 your nonprofit will use depends on the nonprofit’s annual revenue and assets in its most recent fiscal year.

What form should your nonprofit use to file its annual return with the IRS?

  • Small nonprofits with less than $50,000 in annual revenue may usually file the “990-N.” Please note: Some categories of nonprofits are not permitted to file the 990-N and must use another version of the form instead.

  • Nonprofits with annual revenue of less than $200,000 and assets valued at less than $500,000 may file the Form 990-EZ, or may elect to file the Form 990. 

  • Nonprofits with annual revenue of $500,000 or more must file the Form 990.

  • Nonprofits with revenue of any size that have unrelated business income will need to file Form 990-T as part of the nonprofit’s annual return filing.

For more detailed information, this IRS website explains which form to file, with links to the specific forms.

We recommend hiring a CPA to prepare your organization’s Form 990. If you need to outsource bookkeeping, HarQuin can help. Just fill out our estimate form here.

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