The US Treasury Department has announced that the Internal Revenue Service (IRS) will revise Form 990 to increase transparency and curb misconduct within tax-exempt organizations. This move specifically targets fiscal sponsorship arrangements, government grants, and contracts, which critics argue have been exploited by “dark money” networks without public scrutiny. Treasury Secretary Scott Bessent warned that these groups would face increased scrutiny and liability under the law. This comes amid investigations into liberal networks like Tides and Arabella Advisors. The Treasury's focus on fiscal sponsorships addresses concerns raised by the House Oversight Committee. The new reporting requirements aim to track where public money actually goes.