IRS Releases 2006 Data On Income of Non-Profits

Earlier this week, the Internal Revenue Service issued its Fall 2009 Statistics of Income Bulletin which sets out data for tax year 2006 on returns filed by non-profit organizations. Churches and church-affiliated organizations are not required to file Form 990. Thus only 853 of the 301,214 Forms 990 or 990-EZ were from "Religion related" non-profits. This group of religious non-profits reported total assets of $17.8 million and revenue of $2.8 million. Most of their income was from program service revenue. Their income exceeded their expenses by $550 million. [Data at pg. 5 of Bulletin].