What is the IRS Form 990-PF?

Foundation Search31 Jan, 2023Finance

The Form 990-PF serves two essential purposes. First, it provides information that helps government agencies (the IRS and state charity regulators) enforce the laws that govern nonprofits. For example, it helps government regulators learn whether groups have been spending their funds in a way that might cause them to lose their charitable and tax-exempt status. Second, the Form 990-PF provides a great deal of financial information about the filing organization's financial condition, about its financial strength or weakness and about such things as the sources of its income and its mandate or funding interests.