Exemption Application Exception

Posted on Wednesday, September 10, 2014

In order to be tax-exempt under Section 501(c)(3), an organization must file Form 1023, an application for exemption, with the IRS.

The IRS allows 2 exceptions to this requirement.

  1. Churches, their integrated auxiliaries, and conventions or associations of churches; and
  2. An organization that is not a private foundation and the gross receipts of which in each taxable year are normally not more than $5,000*.

*Normally is defined as

Posted by: Carrie Minnich, CPA

Posted in Mission Minded Nonprofits

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