Korcomptenz Charitable Foundation
Korcomptenz Charitable Foundation is a private foundation, based in Parsippany, NJ. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $79K in total assets. In 2024, it awarded 7 grants totaling $194K.
Korcomptenz Charitable Foundation at a glance
In short: Korcomptenz Charitable Foundation gave $194K across 7 grants in 2024 (avg $28K), top state New Jersey. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $193,675
- +1514.0% vs 2023
- Grants made (2024)
- 7
- +250.0% vs 2023
- Average grant
- $27,668
- +361.1% vs 2023
- Median grant
- $5,000
- Total assets
- $79,168
- -19.4% vs 2023
- Primary geography
- New Jersey (15% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Korcomptenz Charitable Foundation funds
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2024
The largest 2024 recipient was East Prov of Sisters of St Charles ($155K). Together the top 7 received $194K.
Grant Size Distribution
9 grants across all recorded years
The most common grant size was under $50K: 8 grants of 9 (89%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 7 itemized grants.
States
Cities
How Korcomptenz Charitable Foundation gives
- In 2024 it paid out well above its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2023 to 2024, annual grant giving ranged from $12K (2023) to $194K (2024). In 2024 it made 7 grants totaling $194K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| East Prov of Sisters of St Charles | Construction in India | $155,000 |
| St Rose of Lima Roman Catholic Short Hill, NJ | Social Projects | $10,175 |
| Federation of Tamil Sangams of Balwin, MO | Conference Sponsorship | $10,000 |
| Shrine of Saint Joseph Stirling, NJ | Social Projects | $5,000 |
| St Michael the Archangel Roman Union, NJ | Social Projects | $5,000 |
| St Jude Thaddeus Roman Catholic Budd Lake, NJ | Social Projects | $5,000 |
| The Diocese of Chingleput Society Stirling, NJ | Drinking Water | $3,500 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Distributable Amount |
|---|---|---|---|---|---|---|---|
| 2024 | $79,168 | $175,000 | $194,030 | $193,675 | 7 | $194,030 | $4,368 |
| 2023 | $98,198 | $80,000 | $12,027 | $12,000 | 2 | $12,027 | $3,162 |
| 2022 | $30,225 | $30,000 | $282 | — | — | — | $757 |
| 2021 | $507 | $45,647 | $45,140 | — | — | $45,030 | $25 |
Under IRS private-foundation payout rules, Korcomptenz Charitable Foundation reported a distributable amount of $4K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Korcomptenz Charitable Foundation is led by Iruthayaraj Prakash Anthony, President since 2024 (on filings since 2021); none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Iruthayaraj Prakash Anthony
President
Managing Member → CEO, 2023
CEO → President, 2024
On filings since 2021
2 hrs/week
No compensation reported
Clara D Silva Anthony
Treasurer
Board Member → President, 2023
President → Treasurer, 2024
On filings since 2021
2 hrs/week
No compensation reported
Rohan Mario Iruthayaraj
Secretary
Board Member → Member, 2023
Member → Secretary, 2024
On filings since 2021
2 hrs/week
No compensation reported
Former officers (1)
- Former: Rohan Marioiruthayaraj (2022) — Board Member
Data from IRS Form 990 filings, 2021–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Korcomptenz Charitable Foundation
How much does Korcomptenz Charitable Foundation give each year?
Korcomptenz Charitable Foundation gave $194K across 7 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $12K across 2 grants.
What is Korcomptenz Charitable Foundation's typical grant size?
Korcomptenz Charitable Foundation's median grant in 2024 was $5,000, and its average grant was $27,668, across 7 grants on its 2024 IRS Form 990-PF.
Where does Korcomptenz Charitable Foundation give grants?
Korcomptenz Charitable Foundation's top state is New Jersey, with 15% of the grant dollars itemized on its 2024 IRS Form 990-PF. The next largest state was Missouri (5%). The most frequent recipient cities were Stirling, NJ (2 grants).
Does Korcomptenz Charitable Foundation give general operating support?
Not in 2024: none of the 7 grants with a stated purpose on Korcomptenz Charitable Foundation's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Social Projects" (4 grants).
Who are Korcomptenz Charitable Foundation's largest grantees?
Korcomptenz Charitable Foundation's largest 2024 grantees include East Prov of Sisters of St Charles ($155,000), St Rose of Lima Roman Catholic ($10,175) and Federation of Tamil Sangams of ($10,000), according to its 2024 IRS Form 990-PF. Together they received 90% of its itemized 2024 grant dollars.
How large is Korcomptenz Charitable Foundation?
Korcomptenz Charitable Foundation reported $79K in total assets on its 2024 IRS Form 990-PF. It paid out $194K in qualifying distributions that year, against a required minimum of $4K (roughly 5% of its investment assets).
What is Korcomptenz Charitable Foundation's EIN?
Korcomptenz Charitable Foundation's EIN (Employer Identification Number) is 81-4789537. IRS Form 990 filing data is available on this page for 2021–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2024
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