As a small non profits with gross receipts less than $50,000 annually you may qualify to file a 990N or e-postcard. Form 990-N must be completed and filed electronically, since there is no paper form to send in. Form 990-N filers still have the option to file a complete Form 990 or Form 990-EZ if they choose to. Non profits need to remember gross receipts is defined as all sources of income before any of the expenses are deducted. There is a little flexibility in the %50,000 requirement for non profits. Your organization’s gross receipts are considered to be $50,000 or less if

  1. You have been in existence for 1 year or less and received, or donors have pledged to give, $75,000 or less during its first taxable year.
  2. Your non profit has only existed between 1 and 3 years and averaged $60,000 or less in gross receipts during each of its first two tax years.
  3. Your non profit is at least 3 years old and averaged $50,000 or less in gross receipts for the immediately preceding 3 tax years. The 3 years includes the current year for which calculations are being made.

The three requirements above however exclude any organization that are included in a group return.  Churches, conventions or associations of churches, and any non profit organizations required to file a different return.

This is the simplest form for non profits to complete and many do this without any help. If you are a do it yourself new non profit just remember the 990-N still has a deadline. It is due on the 15th day of the 5th month after the close of your tax year.