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Gross Receipts Normally $50,000 or Less

An organization's gross receipts are considered to be $50,000 or less if the organization:

  • 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;
  • 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
  • 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: 27-Nov-2013