With less than $5000 in receipts, are we exempt? We are a nonprofit 501(c)(3) corporation with gross receipts of less than $5000 a year. We are not tax-exempt but do have a tax ID. If a sponsor wants to purchase uniforms for the team, does he receive a tax deduction? There is some confusion. Some state that with less than $5000 in revenue you are exempt. —From the Website. There has been a lot of confusion about the status of very small nonprofits such as yours. It used to be possible to claim tax-exempt status without filing for a formal recognition of exemption if you met the requirements of a charitable organization and had less than $5000 in revenues annually. When Congress passed the...