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Needymeds Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 463091990 ✦ Gloucester, MA ✦ Designated as a 501(c)(3)

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Overview

What is Needymeds Inc?

Needymeds Inc, located at 50 Whittemore Street, Gloucester, Massachusetts, serves as a comprehensive and easily accessible resource for individuals seeking assistance with medicine and healthcare costs. This nonprofit organization offers a wide range of programs, such as pharmaceutical patient assistance programs, diagnosis-based assistance, free or low-cost clinics, medication discount coupons, and state and federal programs. Access to all of this information is provided free of charge and anonymously. Needymeds Inc also offers a free drug discount card, providing savings of up to 80% on prescription drugs, over-the-counter medications, and medical supplies. By educating advocates and the general public about available savings, promoting medication adherence, and empowering patients, Needymeds Inc aims to make healthcare more affordable for those in need. With a workforce of 35 employees, Needymeds Inc is dedicated to helping individuals navigate the often complex world of healthcare costs.


Official website here: www.needymeds.org

Is Needymeds Inc legitimate?

Needymeds Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Needymeds Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $68,538
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,002,794

For more financial information, click here


Official website here: www.needymeds.org

What is the mission statement of Needymeds Inc?

Needymeds Inc's mission is centered around educating and empowering individuals in their quest for affordable healthcare. Through its comprehensive resources, the organization aims to provide accessible information about various programs that assist with medicine and healthcare costs. These programs include pharmaceutical patient assistance programs, diagnosis-based aid, free or low-cost clinics, medication discount coupons, and state and federal assistance schemes. Needymeds Inc also offers a free drug discount card, providing savings of up to 80% on prescription drugs, over-the-counter medications, and medical supplies. The organization strives to educate advocates and the general public about the potential savings available, promote medication adherence, and foster patient empowerment.


Official website here: www.needymeds.org

What is the revenue of Needymeds Inc?

Needymeds Inc's revenue in 2023 was $1,727,574.


Official website here: www.needymeds.org

Who are the executives of Needymeds Inc and what are their salaries?

The average compensation at Needymeds Inc during 2023 was $38,460.

Here are 5 key members and their salaries:


Ruth Rowe (President)
  • Compensation: $68,538
  • Related: $0
  • Other: $2,968
Frederick Cowan (Chair/Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Donald Maier Md (Treasurer/Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Roberta Downey (Clerk/Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Julie Erickson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.needymeds.org

Where can I find the form 990 for Needymeds Inc?

Needymeds Inc's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.needymeds.org

Learn more at the official website: www.needymeds.org

Mission Statement of Needymeds Inc

Needymeds Inc, a nonprofit organization, is dedicated to educating and empowering individuals seeking affordable healthcare. Their mission is to provide comprehensive, up-to-date, and easily accessible resources to help individuals navigate various programs offering assistance with medicine and healthcare costs. These programs include pharmaceutical patient assistance programs, programs based on diagnosis, free or low-cost clinics, medication discount coupons, and state and federal programs, among others. All this information is available for free and anonymously on their website.

In addition to their online resources, Needymeds Inc also offers a free drug discount card. This card provides significant savings of up to 80% on the cash price of prescription drugs, over-the-counter medications, medical supplies written as prescriptions, and pet prescription drugs purchased at the pharmacy. By educating advocates and the general public about the potential savings available, Needymeds Inc encourages medication adherence and promotes patient empowerment.

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Impact




October, 2024

Needymeds Inc has a significant impact on individuals seeking affordable healthcare by providing essential information and resources that facilitate access to medical assistance. Their comprehensive platform offers a wealth of resources, including details on pharmaceutical patient assistance programs, clinics with sliding scale fees, medication discount coupons, and state and federal support programs. This empowers patients to navigate the often complex landscape of healthcare costs effectively.

The organization’s user-friendly website allows individuals to access information anonymously and free of charge, ensuring that everyone can find the assistance they need without barriers. Additionally, their drug discount card, which can save users up to 80% on various medications, further alleviates financial burdens associated with healthcare.

By educating both advocates and the general public on available savings and the importance of medication adherence, Needymeds Inc plays a crucial role in fostering health empowerment. Their efforts not only increase awareness of affordable healthcare options but also contribute to better health outcomes for those who might otherwise struggle to access necessary medical treatments.




This information is meant to be a general summary of Needymeds Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$1,727,574 (2023)
Expenses
$1,670,773 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $12,052
  • Program Service Revenue: $1,653,790
  • Gross Receipts: $1,820,957

Assets and Liabilities:

  • Total Assets: $906,653
  • Total Liabilities: $207,300
  • Net Assets: $699,353

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

PATIENT ASSISTANCE PROGRAMS

Revenue

$1,650,790

SPONSORSHIP AND SYNDICATION REVENUE

Revenue

$3,000

Organization Details

Founding Year

2011

Principal Officer

Ruth Rowe

NTEE Category

Code: E01 - Health

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