The Putting Trust in Transparency Act would require nonprofit organizations that receive any federal funding to publicly disclose the names, zip codes, and donation amounts of their contributors by making IRS Form 990 Schedule B filings public within 60 days of processing. The bill affects thousands of nonprofits across the country—including charities, educational institutions, and advocacy groups—that currently receive federal grants or contracts of any size. Organizations that fail to file these disclosure forms would lose their tax-exempt status after a 60-day notice period, with the IRS maintaining a public list of revoked organizations. The bill takes effect for tax returns filed after its enactment and applies retroactively to all organizations receiving federal funding, regardless of the amount. The legislation aims to increase government oversight of nonprofits and provide taxpayers visibility into who funds organizations that receive federal dollars.
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