Form 1023-EZ is a simplified version of the standard Form 1023, designed to help smaller nonprofits apply for tax-exempt status under Section 501(c)(3) of the Internal Revenue Code. It’s a faster, easier option for organizations with straightforward operations and limited budgets, cutting down on paperwork while still meeting IRS requirements.
This form is specifically for nonprofits with projected annual gross receipts of $50,000 or less and total assets under $250,000. If your nonprofit exceeds these limits or has more complex activities, the full Form 1023 is required. For smaller organizations, however, Form 1023-EZ can save time and resources, helping them get started without unnecessary hurdles.
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