The organization must have financial information showing its receipts and expenditures for the current year and preceding or future years according to the relevant application＊s instructions.
If applying for Section 501(c)(3) recognition, to be eligible to use Form 1023-EZ, you must attest:
- your annual gross receipts did not exceed $50,000 in any of the past 3 years and/or you project that your annual gross receipts will not exceed $50,000 in any of the next 3 years; and
- you have total assets the fair market value of which is not more than $250,000.
If applying for Section 501(c)(3) recognition on Form 1023, see Part VI of the Instructions for Form 1023 for a description of the required financial information. If applying for Section 501(c)(4) on Form 1024-A, see Part V of the instructions for Form 1024-A for a description of the required financial information.
If applying for recognition under another paragraph of Section 501(c) on Form 1024, see Part V of the instructions for Form 1024 for a description of the required financial information.