A form 990 is an annual tax document that most nonprofit organizations file with the IRS. It provides detailed information about a nonprofit’s financials, mission, programs, and governance. Essentially, it shows how the organization earns and spends money, ensuring accountability to donors, stakeholders, and the public.
This form is important because it promotes transparency, helping donors and the community understand how their contributions are being used. It also allows nonprofits to demonstrate their commitment to good stewardship and ethical practices. By sharing the 990 publicly, organizations build trust and maintain compliance with IRS requirements.