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Heroic Hearts Project Inc

EIN 82-1697268 · New York, NY

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthFair51 out of 100GovernanceStrong100 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

OUR MISSION IS TO PROVIDE HOPE AND HEALING TO MILITARY VETERANS THAT HAVE BEEN LEFT HOPELESS BY THE CURRENT VETERAN AFFAIRS SYSTEM. WE SEEK TO SPREAD AWARENESS IN THE VETERAN COMMUNITY OF POWERFUL PLANT-BASED TREATMENTS AS WELL AS OTHER EVIDENCE BASED TREATMENTS AND END THE EXCESSIVE DEPENDENCE ON POWERFUL MEDICATIONS TO TREAT MENTAL TRAUMAS.

Income
$6.5 million
Spending
$6.2 million
Spent on programs
92%
Reserves
0.4 months of spending
Largest source of income
donations and private grants, 100%
Employees
2
Volunteers
20
Highest pay
$69,792, president

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Fair: 51 out of 100. Higher than 14% of charities in its peer group (international, $1m to $10m).

  • Reserves

    4 of 35

    Spendable reserves would cover 0.4 months of spending.

  • Debt

    2 of 20

    It owes 77% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 4% of income.

  • Income trend

    15 of 15

    Income rose 200% on the year before.

  • Spending floor

    15 of 15

    92% of spending went to programs and raising each dollar of donations cost 6 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Strong: 100 out of 100. Higher than 64% of charities in its peer group (international, $1m to $10m).

  • Independent board

    25 of 25

    7 of 8 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    5 of 5

    Sets its chief executive's pay through independent review and comparison.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (3)
  1. $2.9 million spent. THE TREATMENT AND COACHING PROGRAM PROVIDES SUPPORT AND PROFESSIONAL COUNSELING TO VETERANS SEEKING ALTERNATIVE MEDICAL HEALTH OPTIONS AND CONNECTING THEM WITH THERAPY CENTERS WHERE THEY CAN SAFELY AND LEGALLY PURSUE THE TREATMENT OPTIONS THEY DESIRE.
  2. $2.3 million spent. THE RESEARCH, EDUCATION, AND ADVOCACY PROGRAM CONSISTS OF ACTIVITIES RELATED TO DEVELOPING AND CONTRIBUTING TO THE GROWING BASE OF PSYCHEDELIC RESEARCH; DEVELOPMENT OF RESEARCH-BASED PRODUCTS AND PROGRAMS TO INFORM AND EDUCATE PEOPLE ON THE THERAPEUTIC POTENTIAL OF PSYCHEDELICS AND USING THE RESEARCH, DATA, AND TESTIMONIALS TO COUNTER THE STIGMA ASSOCIATED WITH PSYCHEDELICS AND TO HELP CHANGE THE LAWS LIMITING ACCESS TO PSYCHEDELICS AS THERAPEUTICS.
  3. $527,304 spent. HEROIC HEARTS PROJECT LEADS A NATIONAL ADVOCACY INITIATIVE TO EXPAND ACCESS TO PSYCHEDELIC-ASSISTED THERAPY FOR VETERANS AND THEIR FAMILIES. THROUGH OUR POLICY ARM, HEALING BREAKTHROUGH, WE WORK TO ENSURE THAT VETERAN VOICES AND REAL-WORLD OUTCOMES GUIDE THE DEVELOPMENT OF FEDERAL AND STATE MENTAL HEALTH POLICY. IN 2025, WE ENGAGED POLICYMAKERS ACROSS MORE THAN 15 STATES AND ON CAPITOL HILL, BUILDING BIPARTISAN COALITIONS, PROVIDING TESTIMONY, AND DRAFTING POLICY LANGUAGE TO SUPPORT RESEARCH, CLINICAL ACCESS, AND PILOT PROGRAMS FOR PSYCHEDELIC THERAPIES. THE ORGANIZATION ALSO LAUNCHED THE VETERAN ADVOCACY FELLOWSHIP, TRAINING VETERANS TO SHARE THEIR HEALING JOURNEYS AND REPRESENT THEIR COMMUNITIES IN PUBLIC AND POLICY DISCUSSIONS. OUR ADVOCACY EFFORTS HAVE INCREASED AWARENESS AMONG LAWMAKERS, GENERATED NEW FUNDING OPPORTUNITIES FOR VETERAN-FOCUSED PSYCHEDELIC RESEARCH, AND HELPED SHAPE NATIONAL CONVERSATIONS AROUND EVIDENCE-BASED MENTAL HEALTH REFORM. THROUGH EDUCATION, COALITION-BUILDING, AND STORYTELLING, HEROIC HEARTS PROJECT CONTINUES TO LEAD A VETERAN-DRIVEN MOVEMENT TO CREATE A SAFE AND ACCESSIBLE FUTURE FOR PSYCHEDELIC CARE. HEROIC HEARTS PROJECT LEADS A NATIONAL ADVOCACY INITIATIVE TO EXPAND ACCESS TO PSYCHEDELIC-ASSISTED THERAPY FOR VETERANS AND THEIR FAMILIES. THROUGH OUR POLICY ARM, HEALING BREAKTHROUGH, WE WORK TO ENSURE THAT VETERAN VOICES AND REAL-WORLD OUTCOMES GUIDE THE DEVELOPMENT OF FEDERAL AND STATE MENTAL HEALTH POLICY. IN 2025, WE ENGAGED POLICYMAKERS ACROSS MORE THAN 15 STATES AND ON CAPITOL HILL, BUILDING BIPARTISAN COALITIONS, PROVIDING TESTIMONY, AND DRAFTING POLICY LANGUAGE TO SUPPORT RESEARCH, CLINICAL ACCESS, AND PILOT PROGRAMS FOR PSYCHEDELIC THERAPIES. THE ORGANIZATION ALSO LAUNCHED THE VETERAN ADVOCACY FELLOWSHIP, TRAINING VETERANS TO SHARE THEIR HEALING JOURNEYS AND REPRESENT THEIR COMMUNITIES IN PUBLIC AND POLICY DISCUSSIONS. OUR ADVOCACY EFFORTS HAVE INCREASED AWARENESS AMONG LAWMAKERS, GENERATED NEW FUNDING OPPORTUNITIES FOR VETERAN-FOCUSED PSYCHEDELIC RESEARCH, AND HELPED SHAPE NATIONAL CONVERSATIONS AROUND EVIDENCE-BASED MENTAL HEALTH REFORM. THROUGH EDUCATION, COALITION-BUILDING, AND STORYTELLING, HEROIC HEARTS PROJECT CONTINUES TO LEAD A VETERAN-DRIVEN MOVEMENT TO CREATE A SAFE AND ACCESSIBLE FUTURE FOR PSYCHEDELIC CARE.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since April 2018.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.

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