An exemption application must include financial statements showing the organization's receipts and expenditures for the current year and preceding or future years according to the application’s instructions. For each accounting period, the application must describe the sources of the organization's receipts and the nature of its expenditures. It must also include a balance sheet for the current year. Return to life cycle of a social welfare organization Return to life cycle of a labor organization Return to life cycle of an agricultural or horticultural organization Return to life cycle of a business league (trade association)