Form 1023 Review Process
The IRS review process usually takes between 3-6 months, though we’ve experienced both shorter and longer wait periods through the years. Within a few weeks of filing, you will receive a letter from the IRS stating that your 501c3 application has been received and is in process. Keep this letter for your records, as it will contain the name and phone number of the agent responsible for your case. After waiting additional weeks or months, you may then receive your successful Letter of Determination, stating that you have qualified as a 501c3 tax exempt organization. Or, it’s also possible that you will receive a letter requesting additional information about the purpose and planned activities of your organization. In this case, you’ll have a short amount of time to respond by mail or fax. If you are able to adequately answer the IRS’s questions, you should receive your successful IRS Letter of Determination within a few more weeks.
What About an Expedited Review Process
The IRS review process can take anywhere from 3 months to a year or longer, and regardless of what you might hear, there is no way to determine beforehand exactly how long it will take. Expedited requests are possible but rare, and are usually reserved for those applicants responding to a natural disaster or those who have been approved for a significant amount of funding by a federal agency or foundation and are waiting on IRS approval to realize those funds.
On average, Nonprofit Elite clients receive their approved IRS Letter of Determination within five-six months. Call 800.268.4388 today to get started!
Folks suggested we do this work ourselves, but our concern was accuracy and getting it right the first time. Thank you for all your help…one of the best decisions we ever made.
—Teresa Samsill, Heroes for Kiddos and Widdows