The Char500 NYS form is the annual report filed with the New York State Office of the Attorney General's Charities Bureau. Registered nonprofits must submit this form to confirm compliance with state solicitation laws and report their fiscal activities for the year. The filing covers organizational details, certification of accuracy by authorized officers, and specifics about fundraising and financial activity.
New York recognizes four registration categories that determine how you complete and pay for your CHAR500 filing:
Filing fees depend on the organization's registration category and its gross revenue or net worth. Organizations with gross revenue under $25,000 annually may qualify for reduced fees or a complete fee exemption. DUAL filers pay the higher of the two applicable fees. The current fee schedule is published in the CHAR500 instructions provided by the Charities Bureau.
Along with the CHAR500 form, organizations must attach their IRS annual return. The specific form depends on the organization's income level: IRS Form 990-EZ for smaller nonprofits, IRS Form 990-PF for private foundations, or the standard Form 990 for larger organizations. A financial review report is required for organizations with gross revenue over $250,000, and a full audit report is required for those over $750,000.
The CHAR500 is due within four and a half months after the close of the fiscal year, which falls on May 15 for calendar-year filers. Organizations can request extensions in writing from the Charities Bureau before the deadline. Failure to file on time may result in financial penalties and potential administrative action against the organization's charitable registration status in New York State.
| Question | Answer |
|---|---|
| Form Name | CHAR500 NYS Form |
| Form Length | 5 pages |
| Fillable? | No |
| Fillable fields | 0 |
| Avg. time to fill out | 1 min 15 sec |
| Other names | nys charitable both, char500 nys annual filing, char500 form 2020, how to new york char500 |