Gross Receipts Normally $25,000 or Less Test
From TaxAlmanac, A Free Online Resource for Tax Professionals
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From TaxAlmanac
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).
