Alpha Light Fund Incorporated

Analysis

Alpha Light Fund Incorporated is a registered charity in United States, based in Ithaca, NY. It received its IRS tax-exemption ruling in February 2018, 8 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Alpha Light Fund Incorporated reported income of $175k and spending of $418k, spending 239% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $3.4m to $175k (-95%), an average of -95% a year. The sharpest change came in the year to December 2023, when income dropped by 95%. Over the whole period it spent 21% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Alpha Light Fund Incorporated sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 48th percentile within NY. Charities of a similar size with the same main cause include Napipa Foundation ($175k), Children of the Hills ($175k) and Ashcreek Parent Cooperative Playschool ($175k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 56% of the total. At year end it held assets of $5.7m against liabilities of $2.7m, net assets of $3.0m.