The 14-year-old will appear at Leeds Magistrates' Court on Thursday also charged with possession of a knife.
Alife, was attacked in the Horsforth area of Leeds on Tuesday afternoon as children were leaving two nearby schools.
Police said they were called to an assault just before 3pm on Tuesday in Church Lane, Horsforth.
In a statement, Alfie's family said he was "one in a million" and that he "will always be with us".
They added: "Alfie, you were one in a million, so funny and an all-round entertainer with your rapping and dancing feet.
“You had the biggest heart and took care of everybody around you. You will never know just how much you are loved by family and friends, and you will always be our Uncle Alfie.
“We love you so much. Nothing will ever be the same without you.
“You will shine in the sky, as bright as you did in all our lives. I love you more than words can say, and you will always be with us forever."
A 16-year-old boy who was arrested on suspicion of murder on Tuesday has been released without charge.
Paul Bell, head of Horsforth School where Alfie had been a pupil, paid tribute to the 15-year-old following the incident.
He said: "Horsforth School is overwhelmed by the kindness and support offered to us following the tragic loss of one of our former students yesterday.
“Everyone’s thoughts and sympathies lie with the boy’s family and friends.
“A tragedy like this is a huge shock to our school and local community, and we understand that people will be deeply affected by this rare incident."
