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, 2019, NeedyMeds's program expenses were:
Program services |
$1,940,757 |
Total Program Expenses: |
$1,940,757 |
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Chief Executive
Richard J. Sagall, MD, President
-
Compensation*
$153,118
-
Chair of the Board
Frederick Cowan
-
Chair's Profession / Business Affiliation
Volunteer
-
Board Size
7
-
Paid Staff Size
27
*2019 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
Method(s) Used:
Direct mail appeals, Grant proposals, Internet, Cause- related marketing (affinity credit cards, consumer product sales, etc.)
Fundraising costs were 26% of related contributions. (Related contributions, which totaled $40,723, 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, 2019.
Source of Funds |
Program fees |
$1,858,004 |
Sponsorship and syndication revenue |
$126,749 |
Investment return, net |
$79,137 |
Contributions and grants |
$40,723 |
Interest income |
$28 |
Total Income |
$2,104,641 |
- Programs: 94%
- Administrative: 6%
- Fundraising: Less than 1%
Total Income |
$2,104,641 |
Program expenses |
$1,940,757 |
Fundraising expenses |
$10,529 |
Administrative expenses |
$126,077 |
Other expenses |
$0 |
Total expenses: |
$2,077,363 |
Income in Excess of Expenses |
$27,278 |
Beginning Net Assets |
$562,879 |
Other Changes In Net Assets |
$0 |
Ending Net Assets |
$590,157 |
Total Liabilities |
$217,543 |
Total Assets |
$807,700 |