Gross Receipts Normally $25,000 or Less Test

From TaxAlmanac, A Free Online Resource for Tax Professionals
Note: You are using this website at your own risk, subject to our Disclaimer and Website Use and Contribution Terms.

From TaxAlmanac

Jump to: navigation, search

An organization’s gross receipts normally are considered to be $25,000 or less if the organization is:

  • Up to a year old and has received, or donors have pledged to give, $37,500 or less during its first tax year;
  • More than 1 year old and less than 3 years old and averaged $30,000 or less in gross receipts during each of its first 2 tax years; or
  • Three years old or more and averaged $25,000 or less in gross receipts for the immediately preceding 3 tax years (including the year in which the return would be filed).
Personal tools