In July of 2014, the IRS released a streamlined application for organization that meet the qualifications placed on it by the service. While there are several issues that must be addressed, the primary concerns are that the nonprofit will have less than $50,000 in total revenue each of the next three years and will have less than $250,000 in total assets. This application costs less ($400 rather than $850) to apply and provides a quicker response from the IRS.