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FINANCIAL CONTROLS AND POLICY MANUALJanuary 2022For the Church of Christ (Holiness) U.S.A.Budget Revision Task Force Statement:The Budget Revision Task Force led by Deacon Earmon Irons and Deacon

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Form 990 is an informational tax form that tax-exempt organizations, including churches, must file to report financial information to the IRS.

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Generally, churches are not required to file Form 990, but they may choose to file it to provide transparency and maintain public trust.

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The purpose of Form 990 is to provide transparency regarding the financial status and operations of tax-exempt organizations to the IRS and the public.

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For Form 990, information such as revenue, expenses, changes in net assets, compensation of highest-paid employees, and details about governance must be reported.

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