CSCharityScored
79

Needymeds Inc

Health · Gloucester, Massachusetts

50 Whittemore St, Gloucester, MA 01930-2553

EIN: 463091990· Founded: Aug 2013· 13 years active· Filing Year: 2022

Annual Revenue

$1.8M

Total Expenses

$1.8M

Total Assets

$984K

Program Spending

98%

of expenses go to programs

Compensation & Payroll

Total Officer Compensation

$4K

0.2% of total expenses

All officers, directors, and key employees combined

Other Salaries & Wages

$1.1M

Total Payroll

$1.1M

64% of total expenses

Where the Money Goes

98%
Programs: 98%
Payroll: 64%
Other overhead: 2%
Program Revenue$1.7M (97%)
Total Expenses$1.8M (98%)
Payroll$1.1M (64%)
Overhead (non-program)2%

Trust Score Breakdown

Program Spending Ratio

98% of expenses go to programs

40%

Revenue & Stability

$1.8M annual revenue

15%

Executive Compensation

$4K total officer comp (0.2% of expenses)

20%

Filing Recency

Most recent filing: 2022

15%

Asset Strength

$984K in assets

10%

Data from IRS Form 990 filing (2022). Trust scores are calculated from public financial data and do not constitute endorsement or investment advice.