Gross Receipts Normally $25,000/$50,000 or Less
An organization's gross receipts are considered to be $25,000 or less if the organization:
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Has been in existence for 1 year or less and received, or donors have pledged to give, $37,500 or less during the organization's first tax year;
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Has been in existence between 1 and 3 years and averaged $30,000 or less in gross receipts during each of its first 2 tax years; or
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Is at least 3 years old and averaged $25,000 or less in gross receipts for the immediately preceding 3 tax years (including the year for which calculations are being made).
Gross receipts are considered to be $50,000 or less if the organization:
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Has been in existence for 1 year or less and received, or donors have pledged to give, $75,000 or less during its first taxable year;
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Has been in existence between 1 and 3 years and averaged $60,000 or less in gross receipts during each of its first two tax years; and
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Is at least 3 years old and averaged $50,000 or less in gross receipts for the immediately preceding 3 tax years (including the year for which calculations are being made).
Page Last Reviewed or Updated: 06-Nov-2012
