For non-profit organizations, informational returns, such as the Form 990, provide a way to share vital information. The information provided on your Form 990 is public information and it is the primary source for the government and the public to find out about your organization’s operations and program services.
This transparency is essential to any organization that is committed to its mission. The government needs to be able to see that the organization stays within the operating boundaries of its tax-exempt status, and the public can use the information to determine if it’s a cause worth investing in.
The form should be filed every year. Organizations that fail to file for three years in a row will automatically lose their tax-exempt status.