We can help you setup and maintain your non-profit organization's tax-exempt status by handling all the IRS reporting for you.
Each year the IRS requires most tax-exempt organizations to submit the Form 990 and its relations, which includes the following items.
The IRS uses these very specific revenue and expense classifications to determine if your organization will retain its tax-exempt status. So it's imperative that you build your accounting system around these revenue and expense classifications.
Although not-for-profits are tax-exempt, they still have reporting rules to follow. In recent years, failure to follow those rules precisely has resulted in revocation of tax-exempt status. Beyond that, not-for-profits need to track their funds with as much care as any other entity.