990 filing requirement

[Gretel]

If non-profit was required to file tax returns in past (990EZ) but dropped one huge event and from now on is under the limit of $25,000 gross receipts, do the same rules apply (3 year average) as if non-profit has one huge contribution but otherwise is under the $25,000?

1st year $40,000
2nd year 40,000
3rd year 10,000
4th year 15,000

3-year average in 3rd year $30,000 = needs to file

3-year average in 4th year $21,667 = no need to file

[Bees Knees]

Form 990 instructions, page 3:

B. Organizations Not Required To
File


15. An organization whose annual gross
receipts are normally $25,000 or less…


c. $25,000 gross receipts test. An
organization’s gross receipts are considered
normally to be $25,000 or less if the
organization is:
i. Up to a year old and has received, or
donors have pledged to give, $37,500 or less
during its first tax year;
ii. Between 1 and 3 years old and
averaged $30,000 or less in gross receipts
during each of its first 2 tax years; or
iii. Three (3) years old or more and
averaged $25,000 or less in gross receipts for
the immediately preceding 3 tax years
including the year for which the return would
be filed).


iii above seems to indicate that any exempt organization can eventually stop filing when average gross receipts for the three preceding tax years are $25,000 or less.