Free File INC EIN 45-2609992 Form 990 (PDF) Claim this org

Free File INC

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Free File INC is a membership association based in Centreville, VA. For fiscal year 2025 it reported $591K in revenue, $529K in expenses, and $742K in net assets.Pt I

Type
Membership association · Community Development
Location
Centreville, VA
Website
www.freefilealliance.org
Filings
6 on file (2020–2025)
Revenue
$591KFY2025
Expenses
$529K
Net assets
$742K
People
9
Filings
6
Updates
0
More identity details & actions ⌄
EIN  45-2609992 Membership association Centreville, VA
Form 990 (PDF)
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Size
$100K–1M
What they do
a membership association
Leadership
Tim Hugo · Executive Director
Money in and out
$591K revenue, $529K expenses
Bottom line
+10% operating surplus
Membership & operating revenue · FY2025
Total revenue
$591K
Pt VIII · Ln 12
Total expenses
$529K
Pt IX · Ln 25
Net assets
$742K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $61K
Where spending went · Part IX cols B–D
Program services $0.19 Management & general $0.81
Operating surplus
+10%
revenue over expenses▼ -20% vs prior filing year
Earned revenue
0%
of revenue from program services & dues
Program spending
19%
of expenses reach member services▼ -35% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$591K
FY2025▲ +8%
Expenses
$529K
FY2025▲ +11%
Total assets
$742K
FY2025▲ +9%
Total liabilities
$0
FY2025
Total revenue
$591K
Pt VIII · Ln 12
Total expenses
$529K
Pt IX · Ln 25
Net assets
$742K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$61K
Total assetsPt X · Ln 16$742K
Program-expense ratioPt IX · col B19%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 49
Mission & Programs · Part III

Where the work happens

1 program service account for $99K of program spending, described in the organization's own filed words · FY2025.
01

Irs electronic filing advocacy

$99Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CFree File INC
EINHdr · item D45-2609992
Principal addressHdr · item CCentreville, VA
WebsiteHdr · item Jwww.freefilealliance.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MVA
Exempt statusHdr · item I501(c)(4) · active
NTEE classificationIRS BMFCommunity Development (S02)
Ruling yearIRS BMFMar 2012

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a9
Independent voting membersPt VI · Ln 1b9
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Free File INC executive salaries →

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Statement of Revenue

Part VIII
Contributions & grants100%$588K
Investment income$3K
Total revenueLn 12$591K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.19 Management & general $0.81
Program services19%$99K
Management & general81%$430K
Total functional expensesLn 25$529K

Balance Sheet

Part X · end of year
CashLn 1$671K
Total assetsLn 16$742K
Total liabilitiesLn 26$0
Total net assetsLn 32$742K
Months of cash on handcomputed15.2

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $671K · Operating expenses/yr $529K
15.2 months
Where the money goes
Program services
Program services $99K · Total expenses $529K
19%
Management & General
Management & general $430K · Total expenses $529K
81%
Fundraising
Fundraising $0 · Total expenses $529K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $537K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $588K · Total revenue $591K
100%
Government reliance
Government grants — · Total revenue $591K
Earned-income share
Program service revenue $0 · Total revenue $591K
0%
Investment reliance
Investment income $3K · Total revenue $591K
+0.4%
Program self-sufficiency
Program service revenue $0 · Total expenses $529K
0%
Growth & trend
Revenue growth (YoY)
This year $591K · Prior year $547K
+8%
Revenue CAGR
FY2020 $489K · FY2025 $591K
+4%
Net-asset trend (YoY)
End of year $742K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $591K · Expenses $529K
+10%
Liabilities-to-Assets
Total liabilities — · Total assets $742K
Net-asset ratio
Net assets $742K · Total assets $742K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $742K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Tim Hugo · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $0 · Total expenses $529K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $529K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 19%
Overhead ratio 81%
Fundraising cost ratio 0%
Revenue growth 8%
Legal fee ratio 19%
Accounting fee ratio 1%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$591K revenue · viewing · ⤓ 990 PDF
FY2024$547K revenue · ⤓ 990 PDF
FY2023$482K revenue · ⤓ 990 PDF
FY2022$421K revenue · ⤓ 990 PDF
FY2021$469K revenue · ⤓ 990 PDF
FY2020$489K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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