Form 990-EZ

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Form 990-EZ

A form that some non-profit organizations file with the IRS to report their income, expenses, and other financial information. A non-profit is eligible to file Form 990-EZ in lieu of Form 990 if it takes in less than $200,000 in gross receipts and has less than $500,000 in total assets.
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Further, with the overall filing threshold raised (to $50,000 for receipts) for Tax Year 2010, the total population of nonprofit charitable organization filers decreased 16 percent, driven by a 48-percent decrease in the number of Forms 990-EZ returns.
Some analysts point to more than 60,000 filers delinquent in filing Forms 990-EZ and 990.
NOTES: For Tax Year 2009, organizations with end-of-year total assets under $1,250,000 and gross receipts under $500,000 could elect to file Forms 990-EZ rather than Forms 990.
However, filers of Form 990-EZ, Short Form Return of Organization Exempt From Income Tax, are expected to file 222,500 returns in 2011, down by more than 148,400 from 370,902 Forms 990-EZ filed in 2010.
The number of returns filed by these organizations was 315,184, including 148,821 Forms 990 and 166,363 Forms 990-EZ. There were major changes in both the content of Form 990 and the filing threshold between Tax Years 2007 and 2008.
NOTES: Organizations with end-of-year total assets under $250,000 and gross receipts under $100,000 could elect to file Forms 990-EZ rather than Forms 990.
The statistics in this article are based on a sample of the Tax Year 2006 Forms 990, Return of Organization Exempt From Income Tax, and Forms 990-EZ, Short Form Return of Organization Exempt From Income Tax.
However, from 2008 to 2009, Forms 990-EZ, Short Form Return of Organization Exempt From Income Tax, are estimated to be 157,000 to 269,000 returns.
The statistics in this article are based on a sample of the Tax Year 2005 Forms 990, Return of Organization Exempt From Income Tax, and Forms 990-EZ, Short Form Return of Organization Exempt From Income Tax.
With the exception of section 501 (c)(9) voluntary employee beneficiary associations, Forms 990-EZ represented between 20 and 33 percent of all information returns filed for 2001.
Forms 990-EZ accounted for 23 percent of the returns filed by organizations exempt under Code sections 501 (c)(3)through (9) for Reporting Year 2000.
With the exception of voluntary employee beneficiary associations, Forms 990-EZ represented between 20 and 36 percent of all information returns filed for 1999.