how much does it cost to get 501c3 status
First, there is the required IRS Form 1023 User Fee, which is either $400 or $850 depending on your organizationâs projected income over the next four years. If your organizationâs projected annual revenue averages $10,000 or more during the next four years, then your user fee is $850.If your organizationâs projected annual revenue averages less than $10,000 during the next four years, then your user fee is $400.he IRS estimates less than 20 hours of total preparation time for completing this application, as opposed to the 100+ hours for completing the more expansive IRS Form 1023. On top of all this, the turnaround time for IRS approval is much faster than when filing the regular IRS Form 1023.