What is the maximum threshold for a tax-exempt organization to file a form 990-EZ? Multiple Choice A charity with gross receipts less than $500,000 and assets less than $5 million. A charity with gross receipts less than $500,000 and assets less than $1 million. A charity with gross receipts less than $50,000 and assets less than $250,000. A charity with gross receipts less than $200,000 and assets less than $500.000