How to Start a 501(c)(3): Form 1023 vs. 1023-EZ, Annual Form 990 Filings and North Carolina Rules
Incorporate under state law, get an EIN, then file Form 1023 ($600) or Form 1023-EZ ($275, for groups with projected receipts of $50,000 or less and assets of $250,000 or less). File Form 990-N, 990-EZ or 990 by May 15 each year; three missed years revoke exemption automatically.
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