Small nonprofit organizations at risk of losing their tax-exempt status because they failed to file required returns can preserve their status by filing returns by Oct. 15, 2010, under a one-time relief program announced by Internal Revenue Service.
Is your favorite nonprofit one of them? The IRS has made the list available to the public [list since removed from the IRS site] — there are more than 35,000 nonprofits at risk in California alone. For many, getting back on track will be quite easy. Neither larger nonprofits nor private foundations, however, are included in the last chance program.
According to the IRS, it will publish a list of revoked organizations in early 2011, and donors who contribute to any of the at-risk organizations are protected until the final revocation list is published.