# Olney Hope Inc

Youth development programs nonprofit in Olney, Texas 76374. EIN 01-0843519. Data as of November 8, 2026.

Page: https://backpr.com/find/nonprofit/010843519-olney-hope-inc

## Mission (the organization's own words)

> To provide programs and activities for the youth of Olney, Texas in order for them to obtain necessary school supplies, assistance with various schoolwork, such as homework and tutoring, and various mentoring and team building activities so each child has the resources to excel both academically and socially.

Source: Form 990-EZ, year ending Dec 2023: https://projects.propublica.org/nonprofits/organizations/010843519/202441249349201819/full

## IRS facts

- Type: Youth development programs (IRS activity code O50)
- Tax status: 501(c)(3), contributions deductible, recognized 2014
- Source: IRS Business Master File, posted October 13, 2026: https://www.irs.gov/charities-non-profits/exempt-organizations-business-master-file-extract-eo-bmf

## Finances (IRS Form 990 e-file data)

| Year ending | Revenue | Expenses | Assets | Net assets | Employees | Volunteers | Source |
|---|---|---|---|---|---|---|---|
| Dec 2023 | $0 | $5,306 | $344,191 | $344,191 | - | - | [Form 990-EZ](https://projects.propublica.org/nonprofits/organizations/010843519/202441249349201819/full) |
| Dec 2021 | $28,334 | $5,502 | $353,926 | $353,926 | - | - | [Form 990-EZ](https://projects.propublica.org/nonprofits/organizations/010843519/202241259349200544/full) |

Growth label: **Shrinking** (about -99% a year, Dec 2021 to Dec 2023). Growth label: we compare total revenue on the oldest and the newest return shown above. Growing means revenue rose by more than 10% a year on average, Shrinking means it fell by more than 10% a year, and Steady means a change between -10% and +10% a year. The rate is the compounded yearly average between the two returns, so it hides ups and downs in between (see the table). We only label groups with returns at least a year apart and at least $5,000 of revenue on the oldest one. This is our own calculation, not an IRS rating or a judgment of quality.

## Local context

- Young County, Texas: about 4,287 children under 18 (U.S. Census Bureau, July 1, 2024): https://www2.census.gov/programs-surveys/popest/datasets/2020-2024/counties/asrh/cc-est2024-agesex-all.csv
- 11 youth and community nonprofits in this directory in the county: 2.6 per 1,000 children.
- Licensed programs in Olney: 2 licensed child care centers: https://backpr.com/find/texas/olney
- Texas rules: https://backpr.com/resources/states/texas

## Questions

**What is Olney Hope Inc's EIN?**

Olney Hope Inc's EIN (Employer Identification Number) is 01-0843519. It is the nine-digit number the IRS uses to identify the organization. Source: IRS Exempt Organizations Business Master File posted October 13, 2026.

**Is Olney Hope Inc a nonprofit?**

Yes. The IRS lists Olney Hope Inc in Olney, Texas as tax-exempt under section 501(c)(3), recognized since 2014. This is from the IRS Business Master File posted October 13, 2026. Status can change, so check its current status on the IRS Tax Exempt Organization Search before you donate.

**Are donations to Olney Hope Inc tax-deductible?**

Yes, the IRS lists gifts to Olney Hope Inc as tax-deductible (IRS Business Master File posted October 13, 2026). How much you can deduct depends on your own taxes, and this is not tax advice. Check its current status on the IRS Tax Exempt Organization Search before you donate.

**What does Olney Hope Inc do?**

In its own words on its Form 990 for the year ending Dec 2023: "To provide programs and activities for the youth of Olney, Texas in order for them to obtain necessary school supplies, assistance with various schoolwork, such as homework and tutoring, and various mentoring and team building activities so each child has the resources to excel both academically and socially." The IRS classifies it as: Youth development programs.

**How much money does Olney Hope Inc take in?**

For the year ending Dec 2023, Olney Hope Inc reported total revenue of $0 and total expenses of $5,306 on its Form 990-EZ (IRS Form 990 e-file data).

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Data as of November 8, 2026. Sources: IRS Business Master File, IRS Form 990 series e-file data, U.S. Census Bureau. No officer or staff names are published.