Form 990-EZ

Form 990-EZ is a simplified tax form that certain nonprofit organizations file annually with the IRS. It provides a summary of the organization’s financial activities, including income, expenses, and assets, helping maintain transparency and compliance. Organizations typically use this form if they are smaller, with gross receipts under $200,000 and total assets under $500,000. Filing Form 990-EZ allows nonprofits to report their financial details without the complexity of the full Form 990, facilitating oversight and ensuring the organization’s nonprofit status is maintained.