Basic Reporting Requirements for Nonprofits

NOTE: These are the reporting requirements that apply to most nonprofits; your organization may have additional reporting requirements based on the type of work done.

1. Internal Revenue Services (IRS)

• All 501(c)(3) nonprofits need to file IRS Form 990

• Form 990 N: Gross receipts < $50,000 

• Form 990 EZ: Gross receipts < $200,000 and assets < $500,000

• Form 990: Gross receipts > $200,000 and assets
  > $500,000

2. New Mexico Department of Justice (Attorney General's office)

All 501(c)(3) nonprofits must file an annual report on NM-COROS

3. State audit requirement

Current audit threshold in New Mexico is $750,000