FORM 990 ANNUAL IRS FILING REQUIREMENT
Most exempt organizations are required to file an annual return. Which form an organization must file generally depends on it's financial activity, as indicated below.
Small Exempt Organizations - FORM 990-N
Form 990-N is a much shorter version of the complete Form 990. Small exempt organizations and charities that have gross receipts of $50,000 or less in a year will file Form 990-N. Like all other Forms 990, it is due on the 15th day of the 5th month. (Learn more about Form 990-N)
Short Form - FORM 990-EZ
Form 990-EZ is the form that tax-exempt organizations use to report income, expenses, and other company information to the IRS. It is used by organizations totalling in gross receipts of less than $200,000 or total assets of less than $500,000. (Learn more about Form 990-EZ)
Long Form - FORM 990
Form 990, tax exempt and non-profit informational returns. It is very long and can be a bit intense the first time around. This form is used by organizations that have gross receipts greater than or equal to $200,000 or total assets greater than or equal to $500,000 at the end of the tax year.
Some organizations that meet the requirements for this form don't have to file it, including: small non-profits, faith-based organizations, subsidiaries of other non-profits, religious schools, missions, state institutions, and government corporations. (Learn more about Form 990)
EXEMPT ORGANIZATION EXTENSION
Form 8868, which is the form used to file for an extension of time to submit Form 990 for tax-exempt organizations, grants an automatic 3 month addition to the filing deadline.
Form 8868 deadlines are the same as Form 990 deadlines, which are the 15th day of the 5th month after the end of an organization’s accounting period. Any tax-exempt organization may file for an extension, no explanation is necessary. (Learn more about Form 8868)