A change in the IRS process for granting tax-exempt status could be a boon to nonprofit news

The Internal Revenue Service has recently introduced a new application that makes getting tax-exempt status not much more complicated than ordering a pizza online.

What was once a 26-page form has been cut down to three, and groups will now only have to pay a $400 fee rather than $850 to apply.

Not all would-be nonprofits will be eligible for the streamlined process: The new form is only open to groups with annual income of less than $50,000 and assets of less than $250,000. While that might seem like a low threshold, the IRS estimates around 70 percent of the organizations applying for 501(c)(3) status will qualify.