EIN 87-2435191

Reason for Hope

IRS 501(c) type
501(c)(3)
Num. employees
4
Year formed
2021
Most recent tax filings
2022-12-01
Description
Reason for Hope's mission is to prevent deaths of despair by developing and advocating for policy and legal reforms that facilitate access to safe and affordable psychedelic medicine and assisted therapies. The organization offers programs focused on research and education, including speaking engagements that discuss public mental health, suicide crisis, and the benefits of psychedelic-assisted therapies. Reason for Hope also provides grant funding to organizations delivering psychedelic-assisted therapies to veterans in crisis.
Total revenues
$550,954
2022
Total expenses
$122,220
2022
Total assets
$444,306
2022
Num. employees
4
2022

Program areas at Reason for Hope

Research and education: programs focused on research and education by way of speaking engagements discussing public mental health, specifically suicide crisis and the potential benefits of psychedelic-assisted therapies.
Grant funding: provides funding to organizations delivering psychedelic-assisted therapies for treatment of veterans in crisis.

Who funds Reason for Hope

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Schwab Charitable FundHealth$260,000
Steven and Alexandra Cohen FoundationField Building$250,000
T Rowe Price CharitableGeneral Operating$25,000
...and 1 more grant received

Personnel at Reason for Hope

NameTitleCompensation
Noah HellerChief Executive Officer
Lynnette AverillChief Science Officer$27,083
Ethan Abend, NypdDetective Ret ; Co - Founder, Kind Ear
Brett WatersCo - Founder and Executive Director$20,833
Hal SingerManaging Director, Econ One
...and 2 more key personnel

Financials for Reason for Hope

RevenuesFYE 12/2022
Total grants, contributions, etc.$549,371
Program services$0
Investment income and dividends$0
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$1,583
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$550,954

Form 990s for Reason for Hope

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-15990View PDF
Data update history
January 11, 2024
Updated personnel
Identified 8 new personnel
January 9, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 3, 2024
Received grants
Identified 1 new grant, including a grant for $250,000 from Steven and Alexandra Cohen Foundation
December 27, 2023
Used new vendors
Identified 1 new vendor, including
March 7, 2022
Used new vendors
Identified 1 new vendor, including
Nonprofit Types
Social advocacy organizationsMental health organizationsCharities
Issues
HealthMental health
Characteristics
Political advocacyTax deductible donations
General information
Address
235 E 49th St 10e
New York, NY 10017
Metro area
New York-Newark-Jersey City, NY-NJ-PA
Website URL
reason-for-hope.org/ 
Phone
(215) 350-7186
IRS details
EIN
87-2435191
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2021
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
F01: Mental Health and Crisis Intervention Alliances and Advocacy
NAICS code, primary
813319: Social Advocacy Organizations
Parent/child status
Independent
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