AFP > U.S. public policy issues | U.S. regulatory issues > New Form 990 Might Include Fundraising Cost Reporting

AFP > U.S. public policy issues | U.S. regulatory issues > New Form 990 Might Include Fundraising Cost Reporting: "New Form 990 Might Include Fundraising Cost Reporting

(Aug. 28, 2006) An Internal Revenue Service (IRS) advisory committee has recommended seven guidelines for restructuring and revising the Form 990, including potential changes to fundraising cost reporting.

The Form 990 is the primary information return that most nonprofits in the United States are required to complete annually. However, the form has grown increasingly complicated since it was introduced in 1942, growing in size from two pages to 15 pages. In addition, while the form was first created by the IRS for its own tax administration needs, a variety of audiences now use the form (e.g., state governments) for a multitude of needs."

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