Korcomptenz Charitable Foundation
Korcomptenz Charitable Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, 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.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$79K
-19.4% YoY
Annual Giving
$194K
+1514.0% YoY
Grant Count
7
+250.0% YoY
Avg Grant Size
$28K
+361.1% YoY
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.
About Korcomptenz Charitable Foundation
Based on IRS filings
Korcomptenz Charitable Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, 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.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $79,168 | $98,198 | $30,225 |
| Revenue | $175,000 | $80,000 | $30,000 |
| Expenses | $194,030 | $12,027 | $282 |
| Qualifying Distributions | $194,030 | $12,027 | — |
| Net Investment Income | — | — | — |
| Distributable Amount | $4,368 | $3,162 | $757 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2024
Grant Size Distribution
9 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include East Prov of Sisters of St Charles ($155,000), St Rose of Lima Roman Catholic ($10,175), Federation of Tamil Sangams of ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| EAST PROV OF SISTERS OF ST CHARLES | CONSTRUCTION IN INDIA | $155,000 |
| FEDERATION OF TAMIL SANGAMS OF BALWIN, MO | CONFERENCE SPONSORSHIP | $10,000 |
| THE DIOCESE OF CHINGLEPUT SOCIETY STIRLING, NJ | DRINKING WATER | $3,500 |
| 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 |
| ST ROSE OF LIMA ROMAN CATHOLIC SHORT HILL, NJ | SOCIAL PROJECTS | $10,175 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| IRUTHAYARAJ PRAKASH ANTHONY | PRESIDENT | 2 | — |
| CLARA D'SILVA ANTHONY | TREASURER | 2 | — |
| ROHAN MARIO IRUTHAYARAJ | SECRETARY | 2 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Korcomptenz Charitable Foundation?
Korcomptenz Charitable Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PARSIPPANY, NJ. It holds $79K in total assets as of 2024.
How large is Korcomptenz Charitable Foundation?
As of 2024, Korcomptenz Charitable Foundation holds $79K in total assets with $175K in annual revenue. It awarded 7 grants totaling $194K in 2024.
Where does Korcomptenz Charitable Foundation operate?
Korcomptenz Charitable Foundation has awarded grants in Maryland, Missouri, New Jersey.
What size grants does Korcomptenz Charitable Foundation award?
In 2024, Korcomptenz Charitable Foundation awarded 7 grants totaling $194K — an average of about $28K per grant, based on its IRS Form 990 filings.
How much is Korcomptenz Charitable Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Korcomptenz Charitable Foundation reported a distributable amount of $4K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
Explore Open Grants
Browse active grant opportunities in Korcomptenz Charitable Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.