Bill
S 2224
Overview: S 2224, Relates to reporting requirements on small nonprofits, REFERRED TO GOVERNMENTAL OPERATIONS, Introduced on July 09, 2025Purpose and Intent: The main goal of this b
Overview: S 2224, Relates to reporting requirements on small nonprofits, REFERRED TO GOVERNMENTAL OPERATIONS, Introduced on July 09, 2025
Purpose and Intent: The main goal of this bill is to reduce administrative burdens and reporting requirements for small nonprofit organizations. The legislation aims to provide regulatory relief and simplify compliance for these organizations, which often have limited resources.
Key Provisions:
- Exempts small nonprofits (those with annual gross receipts under $50,000) from filing an annual information return (Form 990) with the IRS
- Raises the gross receipts threshold for mandatory electronic filing of Form 990 from $200,000 to $500,000
- Directs the IRS to streamline and simplify the Form 990 filing process for small nonprofits
Affected Parties and Impacts: This bill would directly benefit small nonprofit organizations by reducing their administrative and reporting burdens. It is expected to ease compliance challenges and allow these organizations to focus more resources on their core missions and programs.
Procedural and Timeline Considerations: The bill has been referred to the Senate Committee on Governmental Operations for further consideration. If passed by the committee, it would then move to the full Senate for a vote.
Compiled from official sources — confirm details with the bill’s official record.
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