In prior years, certain tax-exempt organizations whose gross receipts did not normally exceed $25,000 were exempt from filing the standard Form 990. Now, this threshold is $50,000, and for tax years beginning on or after January 1, 2010, such organizations must submit a Form 990-N “e-Postcard” annually (rather than the Form 990-EZ or Form 990 required of larger organizations). Private foundations and supporting organizations may not file the Form 990-N.
An organization will be considered to have annual gross receipts “normally not more than $50,000” if the organization’s average annual gross receipts for the last three taxable years is $50,000 or less. For entities in existence only one year, gross receipts may not be more than $75,000. For entities in existence between one and three years, the average gross receipts for its first two taxable years must be $60,000 or less.