Tax-exempt political organizations whose annual gross receipts are $25,000 or more must file Form 990, unless excepted. See Filing Phase-In for more information about the thresholds. A political organization required to file Form 990 that has not exceeded thresholds for the its total gross receipts during the year and total assets at the end of the year may file Form 990-EZ instead of the Form 990. What is Form 990-EZ?įorm 990-EZ is the short form of the annual information return for exempt organizations, including political organizations. What is Form 990?įorm 990, Return of Organization Exempt From Income Tax, is the annual information return for tax-exempt organizations, including political organizations. In addition, most states rely on Form 990 to perform charitable and other regulatory oversight, and to satisfy state income tax filing requirements for organizations claiming exemption from state income tax.
Organizations use it to inform the public about their programs. Form 990 is the IRS primary tool for gathering information about tax-exempt organizations, for educating organizations about tax law requirements and ensuring their compliance.