Section 6033 of the Internal Revenue Code requires tax exempt organizations to file an annual report. Form 990 fulfills this requirement. Many citizens utilize the information from Form 990 to evaluate the non-profit organization they donate to annually. The 990 covers much of the information any citizen desires to know about the charity of their choice.
Most commonly found in education institutions, it refers to the restricted gifts made by donors for the purpose of earning income through investments to provide for grants or pay for certain positions within the non-profit organization.