Does a political organization report the contributions it receives on Form 1120-POL?
A tax-exempt political organization does not report its contributions or any other exempt function income on Form 1120-POL. Only taxable income (generally the investment income of the political organization) is reported on the Form 1120-POL (see Reporting by Organization Not Required to File Form 8871 for what non-exempt political organizations report on Form 1120-POL).