CSCharityScored
85

Needymeds Inc

Health · Gloucester, Massachusetts

50 Whittemore St, Gloucester, MA 01930-2553

EIN: 463091990· Founded: Aug 2013· 13 years active· Filing Year: 2023

Annual Revenue

$1.7M

Total Expenses

$1.7M

Total Assets

$1.0M

Program Spending

99%

of expenses go to programs

Compensation & Payroll

Total Officer Compensation

$69K

4.1% of total expenses

All officers, directors, and key employees combined

Other Salaries & Wages

$1.0M

Total Payroll

$1.1M

64% of total expenses

Where the Money Goes

99%
Programs: 99%
Payroll: 64%
Other overhead: 1%
Program Revenue$1.7M (96%)
Total Expenses$1.7M (97%)
Payroll$1.1M (64%)
Overhead (non-program)1%

Trust Score Breakdown

Program Spending Ratio

99% of expenses go to programs

40%

Revenue & Stability

$1.7M annual revenue

15%

Executive Compensation

$69K total officer comp (4.1% of expenses)

20%

Filing Recency

Most recent filing: 2023

15%

Asset Strength

$1.0M in assets

10%

Data from IRS Form 990 filing (2023). Trust scores are calculated from public financial data and do not constitute endorsement or investment advice.