The IRS has begun to revoke the tax-exempt status for those nonprofit organizations that have not filed some form of a 990 (information report) for three years. Guidestar estimates that 350,000 to 400,000 nonprofits are in danger of losing their exemptions. A large number of these organizations are smaller nonprofits that previously were not required to file an annual return because their gross revenues were $25,000 or less.[1] If your organization has not filed any of the 990 forms for three years it is likely you will soon receive a revocation notice.

How will I know if my organization has lost its tax-exempt status?
You will receive a notice from the IRS in the form of a letter, Notice CP120A.[2] A copy of this notice is posted on the IRS website and a list of organizations that have had their nonprofit status revoked.[3]

What is the effect of my organization's losing its tax-exempt status?…