More nonprofits, but fewer charities qualify for SGO

IRS Logo - TrimmedWe just finished updating the SGO database to reflect new data from the IRS Master File. The Master File listed 1,583,536 IRS-recognized nonprofit organizations. After we apply our listing requirements, 278,010 (17.6%) qualified for the SGO database.

The number of nonprofit organizations recognized by the IRS increased by 5,749 from August 2 to December 7, 2011. At the same time, however, the number of charities qualifying for SGO dropped by 9,632. We attribute the drop to fewer nonprofits being required to make the public disclosures called for by filing IRS Form 990 or Form 990-EZ (the filing threshold has increased from $25,000 of annual revenues to $50,000).

The SGO listing requirements.

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