First, the bad news. Unlike in prior years, small tax-exempt organizations (organizations with less than $25,000 in gross receipts) now must file an annual Form 990.
The good news is that the filing can be made with a Form 990-N, which is one of the shortest tax returns around. Further, as an "e-postcard" it can be filed directly online.
The return is due by the 15th day of the 5th month after the close of the organization's tax year. For calendar year taxpayers, this means that the 2007 return is due by May 15, 2008.