The Internal Revenue Service has issued a streamlined two and a half page Form 1023-EZ for many small nonprofits to use to file for recognition of 501(c)(3) charitable exemption.  It will substitute for the 12-page form that elicits significantly more information on activities, finances, and governance and must still be filed by organizations anticipating gross receipts in excess of $50,000 a year.

“This is a common sense approach that will help reduce lengthy processing delays for small tax exempt groups and ultimately larger organizations as well,” said IRS Commissioner John Koskinen.  Most small organizations, including as many as 70% of all applicants, will qualify to use it, he said.