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IRS Form 990 is an informational tax form that most tax-exempt organizations must file annually. In a nutshell, the form gives the IRS an overview of the organizations activities, governance and detailed financial information.
The tax-exemption letter provided by the IRS provides a sense of assurance to the church leaders, members, and contributors regarding the tax-exemption status of the church and its related tax benefits. Like all the other public charities, the church depends upon the publics donations.
Nonprofits with annual revenue of less than $200,000 and assets valued at less than $500,000 may file the Form 990-EZ, or may elect to file the Form 990. Nonprofits with annual revenue of $500,000 or more must file the Form 990.
Form 990 is the IRS primary tool for gathering information about tax-exempt organizations, educating organizations about tax law requirements and promoting compliance. Organizations also use the Form 990 to share information with the public about their programs.
Tax-exempt organizations, other than private foundations, must file Form 990, Return of Organization Exempt From Income Tax, or Form 990-EZ, Short Form Return of Organization Exempt From Income Tax. The Form 990-EZ is designed for use by small tax-exempt organizations and nonexempt charitable trusts.
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If an organization has gross receipts less than $200,000 and total assets at the end of the year less than $500,000, it can file Form 990-EZ, instead of Form 990.
For tax years ending before July 31, 2021, the IRS will accept either paper or electronic filing of Form 990-EZ, Short Form Return of Organization Exempt from Income Tax. For tax years ending July 31, 2021, and later, Forms 990-EZ must be filed electronically.
The fee applies to Form 990 and Form 990-EZ returns. Gross ReceiptsUsage Fee$5,000,001 through $10,000,000$118$10,000,001 through $25,000,000$145$25,000,001 through $50,000,000$172$50,000,001 and higher$2054 more rows Oct 21, 2022
All you need to know is that form 990-N means your company makes less than a certain amount in revenue, and thus theres less for you to fill out versus the other versions of the form. 990-N is also, conveniently, an e-file form.
About Form 990-EZ, Short Form Return of Organization Exempt from Income Tax | Internal Revenue Service.

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