The phrase refers to the deadline for filing IRS Form 990, Return of Organization Exempt From Income Tax. This form is an annual reporting requirement for most tax-exempt organizations, including charities, non-profits, and private foundations. The deadline is crucial for maintaining tax-exempt status and avoiding penalties.
Adherence to this filing schedule ensures transparency and accountability within the nonprofit sector. It allows the public and the IRS to review an organization’s finances, activities, and governance. Historically, this requirement has evolved to enhance oversight and prevent misuse of funds intended for public benefit. Meeting the deadline is vital for continued operation and public trust.
