Alight Inc

Analysis

Alight Inc is a registered charity in United States, based in Spartanburg, SC. It received its IRS tax-exemption ruling in April 2006, 20 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2024, Alight Inc reported income of $724k and spending of $860k, spending 119% of what it took in. Across the 5 years on record, from March 2020 to March 2024, income fell from $2.2m to $724k (-66%), an average of -24% a year. The sharpest change came in the year to March 2024, when income dropped by 34%. Over the whole period it spent 101% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Alight Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 79th percentile within SC. Charities of a similar size with the same main cause include Lyke Community Corporation ($724k), Convention of Full Gospel Churches ($725k) and Bell Tower Counseling ($724k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $27k (3.2% of expenses). Other salaries and wages came to $222k. At year end it held assets of $358k against liabilities of $30k, net assets of $328k. It reported 7 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.