IRS 501(c)(3) Form 1023 application Fee
The organization will need to pay an I.R.S. application fee. The amount of the fee depends on the applying organization's average annual (per year) gross receipts. (past or projected)
We will need to do a 3 year projection based on an honest and good faith based estimate of your organization operations and on a description of your activities.
If you honestly believe that your organization will run and operate and will not take in no more than 50,000 per year ($4,166 per month) in total monies received for each of the next 3 years then the IRS fee is $400.00.
Note! The IRS agent reviewing your case will review your description of your operations and activities to see if it matches your proposed budget. If it does not, they will require you to pay the difference of $450.00 ( $850.00 - $400.00)
Note! If you have been incorporated for 3 years or more and do not have more than $50,000 per year in total income then the fee will be $400.00
You can not have assets in excess of $250,000
If your organization has been or will be over the $50,000 threshold the IRS fee will be $850.00
Exceptions to the above are the following;
Churches or a convention or association of churches
Limited liability company (LLC)
A school, college, or university described in section 170(b)(1)(A)(ii)
A successor to a for-profit entity
Previous 501(c)(3) revocation
Hospital or medical research organization
A supporting organization (as defined in section 509(a)(3)
An organization who provides assistance to individuals through credit counseling activities such as budgeting, personal finance, financial literacy, mortgage foreclosure assistance, or other consumer credit areas.
Health Maintenance Organization