IRS Logo
Print - Click this link to Print this page

Form 1023: Purpose of Detailed Financial Information Requested

Why does Form 1023 request detailed financial data about an organization applying for exemption?

Part IX of Form 1023 serves several purposes, including securing the information needed to determine whether an organization is (or will be) publicly supported, and therefore not a private foundation . A complete picture of an organization's past, current, and future activities and purposes must include both narrative and financial descriptions.

Page Last Reviewed or Updated: 03-May-2013