EIN 87-2435191

Reason for Hope

IRS 501(c) type
501(c)(3)
Num. employees
4
Year formed
2021
Most recent tax filings
2023-12-01
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
$1,178,392
2023
Total expenses
$902,685
2023
Total assets
$710,799
2023
Num. employees
4
2023

Program areas at Reason for Hope

Research, policy, education, and advocacy: programs focused on research, policy development, and education including speaking engagements discussing public mental health, specifically the suicide and overdose crises, and the potential benefits of psychedelic-assisted therapies; advocacy to increase public funding and reduce regulatory barriers for research and compassionate use.
Grant funding: provides funding to veteran mental health leadership coalition for education of veteran community on psychedelic and other emerging therapies for veterans, community organizing and events, consensus policy development, and advocacy.

Grants made by Reason for Hope

GranteeGrant descriptionAmount
Veteran Mental Health Leadership CoalitionEducation$160,000

Who funds Reason for Hope

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Schwab Charitable FundHealth$260,000
Daffy Charitable FundGeneral Support of Mission$250,000
Steven and Alexandra Cohen FoundationField Building$250,000
...and 2 more grants 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 12/2023
Total grants, contributions, etc.$1,178,392
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$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$1,178,392

Form 990s for Reason for Hope

Fiscal year endingDate received by IRSFormPDF link
2023-122024-11-15990View PDF
2022-122023-11-15990View PDF
Data update history
May 18, 2024
Received grants
Identified 1 new grant, including a grant for $7,500 from The Snider Foundation
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
Nonprofit Types
Social advocacy organizationsMental health organizationsHeadquarter / parent organizationsCharities
Issues
HealthMental health
Characteristics
Political advocacyTax deductible donationsAccepts online donations
General information
Address
235 E 49th St 10e
New York, NY 10017
Metro area
New York-Newark-Jersey City, NY-NJ-PA
County
New York County, NY
Website URL
reasonforhope.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
Central organization
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