How Much Does it Cost to File for 501c3 Tax Exemption

Cost of 501c3

How much does it cost to file for 501c3 tax exemption?  Let me answer this question in two parts:

First, there is the required IRS Form 1023 application fee, which is either $400 or $850 depending on your organization’s projected income over the next three years.  If your organization’s projected annual revenue averages $10,000 or more during the next three years, then your application fee is $850.  If your organization’s projected annual revenue averages less than $10,000 during the next three years, then your application fee is $400. 

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New $275 Form 1023-EZ User Fee (July 1, 2016)

Beginning July 1, 2016, the IRS has changed the User Fee for IRS Form 1023-EZ from $400 to $275 for all applicants.  This new fee applies only to those Form 1023-EZ applications prepared and submitted after July 1, 2016. In addition to lowering the application fee, we also expect the IRS to add several new safeguards to the Form 1023-EZ application process to continue discouraging non-qualified applications.  These new safeguards could include revisions to the actual Form 1023-EZ and increased follow-up correspondence with the IRS to verify appropriate formation documents and tax exempt provisions contained within those formation documents (Articles of Incorporation and Bylaws).  Overall, we expect the IRS to […]

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IRS Form 1023-EZ Help and Services

IRS Form 1023-EZ Help, Cost and Services Searching for IRS Form 1023-EZ help, cost or filing services?  Nonprofit Elite can help! We are excited to offer a more affordable and faster 501c3 application process to small and mid-size nonprofit organizations seeking to obtain tax exempt status from the IRS. The newly-released 501c3 application is called IRS Form 1023-EZ and is appropriate for most nonprofit organizations with projected annual receipts of $50,000 or less and total assets of $250,000 or less (excluding churches, schools, hospitals, medical research organizations, and a few other types).  The IRS User Fee for this new Form 1023-EZ is $400 for all […]

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IRS Approval – Phoebe’s Phriends

Congratulations to Nonprofit Elite client (CT) Phoebe’s Phriends who recently received their approved IRS Letter of Determination. This is a wonderful organization that raises money for Pediatric Cancer Research, and they are doing a great job! And for anyone curious, the IRS review process took approximately eight months for this application, which is unfortunately pretty normal during these past few months.

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Congratuatlions to American Trooper – New 501c3!

We want to congratulate Nonprofit Elite client Shanessa Coburn and American Trooper on their approval as a new 501c3 tax exempt organization!  To learn more about American Trooper and their good work supporting US soldiers and veterans, please visit their website at http://www.americantrooper.us.

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Podio Sponsorship for Nonprofit Elite

The best news of the day (so far) is that Podio has decided to sponsor Nonprofit Elite with use of their outstanding online project collaboration platform.  If you’ve not yet looked into Podio and what they can do for your nonprofit organization or business, it’s definitely worth your time to check them out.  Our team uses Podio as our online headquarters to collaborate on projects from anywhere in the world.  The system makes our work more efficient and certainly more enjoyable.  Thank you Podio for your sponsorship of Nonprofit Elite!

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Is the Government Shutdown Affecting Your 501c3 Application?

As the U.S. government shutdown continues into day fifteen with no end in sight, many anxious startup organizations are wondering how the shutdown will affect their applications currently under review by the IRS.  Having already waited months for a determination letter, should you now expect even longer delays?  And if so, how long? From what we can gather the IRS is not taking any customer service phone calls regarding applications for exemption, nor are they processing actual applications at this time.  The delay is almost certainly adding to the ever-present log jam of applications piling up on various agent’s desks, and […]

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Volunteer Management Best Practices

Volunteer Management Best Practices – Guest Post by VounteerMark. People are constantly volunteering to make a difference in the world.  Make sure your volunteer management program is up-to-date so your volunteers have a great experience and your organization is retaining volunteers.  This is what volunteers want: To be clear on dates and times.  It’s easy to forget when you’re supposed to volunteer, so make sure that you clearly and effectively communicate when they are supposed to be at a certain place. To be guided.  Volunteers want to know that they are being efficient.  If they aren’t trained for a task, […]

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501c3 Filing Fee

Nonprofit organizations filing IRS Form 1023 – Application for Recognition of Exemption must include a Form 1023 User Fee payment as part of their application for either $400 or $850, made payable by check to the United States Treasury.

 

The Form 1023 filing fee amount is determined by your organization’s annual revenue over the next four years, and the IRS uses $10,000 per year as its benchmark.  For example, if your organization’s projected annual revenue averages $10,000 or more during the next four years, then your application fee is $850.  If your organization’s projected annual revenue averages less than $10,000 during the next four years, then your application fee is $400.

501c3 Filing Fee

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Because I Said I Would Featured on the Steve Harvey Show

Because I Said I Would
Congratulations to Nonprofit Elite client Alex Sheen of Because I Said I Would, who was interviewed yesterday on the Steve Harvey Show.  Alex’s organization helps people keep their promises through special promise cards and his efforts have gone viral through social media.  Yesterday’s show (April 5, 2013) will be re-run several times during the next 48 hours so be sure to set your DVR.  Or, visit the Steve Harvey Show website to see more about this good work!

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