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Form 990 is a form that some tax-exempt organizations are required to submit to the Internal Revenue Service (IRS) as a part of their annual reporting.
IRS Form 990-EZ, its mid-range form, instructions are 48 pages long. IRS Form 990-PF, only for private foundations \u2013 but required of all private foundations regardless of total revenue, instructions are 40 pages long.
Purpose of Schedule. An organization should use Schedule O (Form 990), rather than separate attachments, to provide the IRS with narrative information required for responses to specific questions on Form 990 or 990-EZ, and to explain the organization's operations or responses to various questions.
Schedule O is an integral part of the annual filing of the Form 990 for tax-exempt organizations. Its main purpose is to provide narrative information required by the IRS for responses and specific questions on the Form 990 or to explain the reason for amending a return.
Tax-exempt organizations, nonexempt charitable trusts, and section 527 political organizations file Form 990 to provide the IRS with the information required by section 6033.
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For tax years ending July 31, 2021, and later, Forms 990-EZ must be filed electronically.
Form 990-EZ can be filed by organizations with gross receipts of less than $200,000 and total assets of less than $500,000 at the end of their tax year.
Form 990-EZ The 990-EZ is considered the short-form return (as compared to the full Form 990), although it is more in-depth than the e-postcard, or 990-N. This four-page return is required of organizations with annual gross receipts between $50,000 and $200,000.
Organizations with gross receipts > $50,000 and < $200,000 and total assets < $500,000 must file Form 990-EZ or a complete Form 990. Organizations with gross receipts > $200,000 or total assets > $500,000 must file Form 990. Private foundations must file Form 990-PF.
A nonprofit that is less than a year old can file a Form 990-N if it received, or donors have pledged to give, under $75,000 during its first tax year. For a nonprofit between one and three years old, it can file Form 990-N if it averaged $60,000 or less in gross receipts during each of its first two years.

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