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990-T 1995[711]

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990-T 1995[711]
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Table 2.--Number of Returns, Gross Unrelated Business Income (UBI), Total Deductions, Net Income

(Less Deficit), Deficit, and Total Income Tax, by Size of Gross UBI, Tax Year 1995

[All figures are estimates based on samples--money amounts are in thousands of dollars]





Gross Total Net income Total

Number unrelated deductions [1,2] (less deficit) income tax [4]

Size of gross unrelated of business Deficit

business income (UBI) returns income Number Number Number

(UBI) of Amount of Amount of

returns returns [3] returns

(1) (2) (3) (4) (5) (6) (7) (8)

36,394 6,279,659

Total................................................................................................................ 36,229 7,253,305 31,529 -973,648 -1,866,621 18,243

15,997

$1,000 under $10,001 [5] ....................................................................... 62,731 15,855 97,339 13,638 -34,609 -52,249 9,203

13,665

$10,001 under $100,000 [5] ....................................................................... 520,430 13,655 735,491 11,857 -215,061 -310,933 6,306

5,029

$100,000 under $500,000....................................................................... 1,083,496 5,018 1,480,745 4,520 -397,249 -517,737 2,054

856

$500,000 under $1,000,000....................................................................... 596,065 855 762,043 761 -165,979 -229,782 352

710

$1,000,000 under $5,000,000....................................................................... 1,411,338 709 1,783,679 631 -372,341 -520,975 263

137

$5,000,000 or more....................................................................... 2,605,599 137 2,394,009 123 211,590 -234,945 65



[1] Excludes cost of sales and services, which was subtracted from gross receipts from sales and services in computing gross profit from sales and services. Gross profit from sales and

services was a component of gross unrelated business income (UBI). Cost of sales and services can include amounts attributable to depreciation, salaries and wages, and certain other

deductible items. For all exempt organizations reporting gross UBI, cost of sales and services was $1.7 billion.

[2] Includes both deductions reported on the main part of the tax return and expense items reported on attached schedules.

[3] Excludes returns with net income (less deficit) equal to zero.

4

[4] Total income tax is the regular unrelated business income tax after reduction by any tax credits (foreign tax credit, general business credit, prior-year minimum tax credit, and other

allowable credits), plus taxes from recapture of certain prior-year credits, the "alternative minimum tax," the environmental tax, and the "proxy" tax on nondeductible lobbying and

political expenditures. The proxy tax was reported on Form 990-T and was included in total income tax; however, it had no connection to the tax on unrelated business income or an

organization's involvement in unrelated business activities. For exempt organizations reporting gross UBI, total proxy tax was $3.9 million.

[5] The gross unrelated business income (UBI) brackets of "$1,000 under $10,001" and "$10,001 under $100,000" reflect the different filing requirements for organizations with gross UBI

of $10,000 or less (only a "partial" return was required) and all other Form 990-T filers (a more detailed "complete" return was required). Organizations with gross UBI below $1,000

were not required to file Form 990-T.

NOTE: Detail may not add to totals because of rounding.

SOURCE: IRS, Statistics of Income Bulletin, Spring 1999.

Total

income tax [4]







Amount





(9)

277,481

3,326

19,118

33,267

20,425

51,348

149,998


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