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CHARITY REVIEW
Issued: March 2025 Expires: March 2027

NeedyMeds

Standards Not Met
Standards Not Met
14
(978) 281-6666
50 Whittemore Street
Gloucester, MA, 01930
https://needymeds.org
📄 Full Report 🖨️ Print 📋 BBB Charity Standards

Standards For Charity Accountability

Governance

  1. Board Oversight
  2. Board Size
  3. Board Meetings
  4. Board Compensation
  5. Conflict of Interest

Measuring Effectiveness

  1. Effectiveness Policy
  2. Effectiveness Report

Finances

  1. Program Expenses
  2. Fundraising Expenses
  3. Accumulating Funds
  4. Audit Report
  5. Detailed Expense Breakdown
  6. Accurate Expense Reporting
  7. Budget Plan

Fundraising & Info

  1. Truthful Materials
  2. Annual Report
  3. Website Disclosures
  4. Donor Privacy
  5. Cause Marketing Disclosures
  6. Complaints

NeedyMeds does not meet the following 1 Standards for Charity Accountability:

Standard 14 (Budget)
Have a board-approved annual budget for its current fiscal year, outlining projected expenses for major program activities, fund raising, and administration.

NeedyMeds does not meet this Standard because, when the organization provided 2025 budget information, it indicated that the budget:

  • Did not identify total projected administrative expenses.

The BBB Wise Giving Alliance requested but did not receive complete information from the organization and is unable to verify the organization's compliance with the following Standard(s) for Charity Accountability: 13

NeedyMeds meets the remaining 18 Standards for Charity Accountability.

Stated Purpose:
"to educate and empower those seeking affordable healthcare."

Year, State Incorporated:
2011, MA

NeedyMeds maintains a website of free information on programs that help individuals who cannot afford the costs of medications and healthcare. The organization's online databases offer resources on patient assistance programs, coupons, low-cost clinics, rebate programs, diagnosis specific programs and more.

For the year ended December 31, 2023, NeedyMeds's program expenses were:

Program services $1,718,742
Total Program Expenses $1,718,742

Chief Executive
Ruth Rowe, President

Compensation*
$71,506

Chair of the Board
Roberta Downey

Chair's Profession / Business Affiliation

Board Size
4

Paid Staff Size
22

*2023 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.

Note 1: Ruth Rowe became President on November 14, 2024.

Note 2: According to NeedyMeds, Samuel Rulon-Miller, Chief Technology Officer, was the highest paid employee, receiving $79,000 in compensation during 2023.

Method(s) Used:
Direct mail appeals, Grant proposals, Internet

Fundraising costs were 3% of related contributions. (Related contributions, which totaled $196,823, are donations received as a result of fundraising activities.)

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.

The following information is based on NeedyMeds's audited financial statements for the year ended December 31, 2023.

Source of Funds
Program fees $1,650,790
In-kind contributions $172,274
Realized and unrealized gains $29,798
Contributions and grants $24,549
Interest and dividends, net $8,564
Sponsorship and syndication revenue $3,000
Total Income $1,888,975

Programs: 93% Fundraising: 0% Administrative: 6%

Total Income $1,888,975
Total expenses: $1,839,559
  Program expenses $1,718,742
  Fundraising expenses $5,223
  Administrative expenses $115,594
  Other expenses $0
Income in Excess of Expenses $49,416
Beginning Net Assets $642,221
Other Changes In Net Assets $0
Ending Net Assets $691,637
Total Liabilities $320,586
Total Assets $1,012,223

Note: According to the organization's 2023 audited financial statements, NeedyMeds received in-kind gifts totaling $172,274 the form of donated services.

An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the International Association of Better Business Bureaus.

This report is not to be used for fundraising or promotional purposes.

RELATED CONTENT

Report completed by:
BBB Wise Giving Alliance