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Nonprofiteer
← MAGIC BUS USA

Form 990 for tax year 2024

Filed by MAGIC BUS USA.

Totals

Total revenue
$1,746,724
Total expenses
$2,650,421
Contributions and grants received
$1,680,776
Grants paid
$2,512,756
Program service revenue
$0
Investment income
$204,245
Other revenue
-$138,297
Total assets, end of year
$5,155,852
Total liabilities, end of year
$295,877
Net assets or fund balances, end of year
$4,859,975
Program services expenses (Part IX)
$2,512,756
Management and general expenses
$64,318
Fundraising expenses
$73,347
Program service expenses (Part III)
$2,512,756

Program services were 94.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $230,299

  • 1f · All other contributions, gifts and grants

    $1,450,477

  • 1g · Noncash contributions included above

    $189,000

  • 3 · Investment income

    total $204,245 · excluded $204,245

  • 8a · Fundraising events: gross income

    $104,337

  • 8a · Fundraising events: contributions included on line 1c

    $230,299

  • 8b · Fundraising events: direct expenses

    $242,634

  • 8c · Net income from fundraising events

    total -$138,297 · excluded -$138,297

Functional expenses

Part IX, the statement of functional expenses.

  • 3 · Grants to foreign organizations and individuals

    total $2,512,756 · program services $2,512,756

  • 6 · Compensation of disqualified persons

    total $41,934 · fundraising $41,934

  • 7 · Other salaries and wages

    total $4,108 · management and general $3,774 · fundraising $334

  • 9 · Other employee benefits

    total $1,500 · management and general $1,500

  • 11c · Fees: accounting

    total $13,886 · management and general $13,886

  • 11g · Fees: other

    total $44,337 · management and general $34,776 · fundraising $9,561

  • 13 · Office expenses

    total $20,943 · management and general $3,736 · fundraising $17,207

  • 14 · Information technology

    total $3,599 · management and general $3,599

  • 17 · Travel

    total $4,311 · fundraising $4,311

  • 23 · Insurance

    total $3,047 · management and general $3,047

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,931,514 · end of year $4,510,390

  • 4 · Accounts receivable

    beginning of year $856,965 · end of year $592,576

  • 9 · Prepaid expenses and deferred charges

    beginning of year $50,750 · end of year $17,591

  • 12 · Investments: other securities

    beginning of year $35,443 · end of year $35,295

  • 17 · Accounts payable and accrued expenses

    beginning of year $110,100 · end of year $294,977

  • 25 · Other liabilities

    beginning of year $900 · end of year $900

  • 27 · Net assets without donor restrictions

    beginning of year $550,737 · end of year $1,250,583

  • 28 · Net assets with donor restrictions

    beginning of year $5,212,935 · end of year $3,609,392

Mission and programs · 2024

Mission

MAGIC BUS WORKS WITH MARGINALIZED CHILDREN AND YOUTH IN INDIA AND ECOSYSTEM AROUND THEM TO HELP BREAK THE CYCLE OF SOCIAL AND ECONOMIC DEPRIVATION USING SPORT AND ACTIVITY BASED APPROACHES THAT INCLUDE MENTORING AS A TOOL AND ARE FOUNDED ON THE PRINCIPLE OF HUMAN RIGHTS, PROMOTING EDUCATION, HEALTH, GENDER, EQUALITY AND SUSTAINABLE LIVELIHOODS.

Activities or mission (Part I)

MAGIC BUS WORKS WITH MARGINALIZED CHILDREN AND YOUTH IN INDIA AND ECOSYSTEM AROUND THEM TO HELP BREAK THE CYCLE OF SOCIAL AND ECONOMIC DEPRIVATION USING SPORT AND ACTIVITY BASED APPROACHES THAT INCLUDE MENTORING AS A TOOL.

  • MAGIC BUS ENVISIONS A WORLD WHERE MARGINALIZED YOUTH IN INDIA AND ACROSS SOUTH ASIA ARE PROVIDED THE OPPORTUNITIES TO BREAK THE CYCLE OF INHERITED POVERTY. WE DO THIS BY TEACHING ESSENTIAL LIFE SKILLS, SUPPORTING STUDENTS WITH ACADEMIC CHALLENGES, PROVIDING EMPLOYABILITY EDUCATION, AND CONNECTING OUR PROGRAM PARTICIPANTS TO WORK WHICH ENABLES THEM TO THRIVE IN THEIR TRANSITION TO ADULTHOOD.

    Expenses $1,762,756 · Grants $1,762,756

  • GRANT TO MAGIC BUS GLOBAL (UK)

    Expenses $750,000 · Grants $750,000

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • AMIT BHANDARI

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    5

  • KAPIL MATHUR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MATTHEW SPACIE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • ASH SOMANI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ARPAN SHETH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • AVINASH VASHISTHA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SARAH CURRID

    EXECUTIVE DIRECTOR

    Total calculated
    $41,934
    From this org
    $41,934
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
18 December 2025
IRS schema version
2024v5.2
Source object
202543529349301524

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