Articles of Incorporation
Business Entity Search
Average Processing Time
2-4 Business days
Charity Registration Search
$10.00-400.00, Depending on Revenue
Yes – Within a year of initial registration
990 EZ Requirement?
Annually, by May 1
State Income Tax
Sales Tax Exemption
Must file once every 5 years – $0
All organizations (except those classified as churches) are required to file an annual 990 form (990N, 990EZ, 990, or 990PF) to be exempt from Income Tax.
The 990 return is due on the 15th day of the 5th month after the end of the organization’s fiscal year.
Failure to file for 3 consecutive years could cause your organization to lose tax-exempt status.
Filing Requirements for New York Nonprofits
It’s important to remember that a New York nonprofit will be required to file annual reports as part of their tax exemption through the New York State Nonprofit Board. Requirements may vary, but most states require nonprofits to verify contact information, Board membership, and the information of the person to whom the organization is registered. Employee information may also need to be filed with the state’s Department of Labor. State compliance may also require your nonprofit to file an annual corporate report with the agency responsible for maintaining records for registered nonprofits.
The economic importance of New York nonprofit organizations cannot be denied. If you’re passionate about creating lasting social change, then launching your social entrepreneurship business in New York may be a path worth considering. Visit our Nonprofit Education Center to learn more about getting started, and our testimonials page to read what other nonprofit entrepreneurs had to say about making their dreams a reality. Contact us if you have questions. We’re here to help you at every step of the journey.