HelpYourNGO

% Spent on Beneficiaries

86%

HelpYourNGO USP: Our Research Team studies the NGO's financials to arrive at ratios, variances and the % spent on beneficiaries. This % is the proportion of direct program expenses to total expenditure for the latest financial year, indicating the total direct spend on beneficiaries.

NGO Details

Year of Establishment	:	2001
Registered Address	:	3rd Floor, Reliable Plaza, Thane Belapur Road, Airoli, Navi Mumbai 400708 , Maharashtra
Presence	:	Andhra Pradesh, Assam, Bihar, Chandigarh, Delhi, Gujarat, Haryana, Himachal Pradesh, Jammu and Kashmir, Jharkhand, Karnataka, Kerala, Madhya Pradesh, Maharashtra, Mizoram, Orissa, Punjab, Rajasthan, Tamil Nadu, Telangana, Uttar Pradesh, West Bengal
Website	:	https://www.magicbus.org
Email	:	info@magicbusindia.org
Telephone	:	+91 022 62434848
Donor Contact	:	Ms. Preeti Dhingra / preeti@magicbusindia.org
Registered Under	:	The Companies Act, 1956
Auditor	:	BSR & Associates LLP
Bankers	:	ICICI Bank, HSBC Bank, HDFC Bank, Axis Bank, ING Vyasya Bank
Trustees/Directors/Managing Committee:	:	Mr. Deval Sanghavi, Mr. Rajiv Dube, Ms. Shaneen Parikh, Mr. Sandeep Murthy, Mr. Jaideep Khanna, Mr. Jayant Rastogi

Programs

Magic Bus India Foundation has been working with young people, living in poverty, taking them from a childhood full of challenges to a life with meaningful livelihoods impacting youth in the age group of 12 to 24 years by equipping them with the skills and knowledge they need to grow up and move out of poverty, and take control of their future.

Major Interventions:

Adolescent Programme: The NGO work with adolescents for their holistic development helping them to overcome hurdles and equip them to complete secondary education. Life skills are taught in a way they understand through the activity-based curriculum. It also focuses on Education Enhancement to improve their basic literacy and numeracy. Magic Bus works with multiple stakeholders from an adolescent’s ecosystem to build network of support and uplift their community.

Livelihood Programme: The objective is to enhance the employability of youth by imparting life skills and connecting them to sustainable livelihood opportunities in white and grey-collar sectors. The youth are provided with sector-specific training and job placements. Post-placement support are also provided in the form of mentoring and handholding through regular follow-ups as job retention is a key challenge for youth from underserved communities. Sectors including Retail, BFSI, ITeS, Logistics and QSR are supported.

Youth Skill Programmes: The aim is to improve financial literacy, digital literacy and spoken English. The NGO provides youth with mentoring, career awareness and interview preparation to get them ready for the world of formal employment.

Blended Skilling: It is an innovative approach built for imparting life and employability skills to youth from underserved communities by leveraging technology consisting of in-person life skills and digital literacy sessions and virtual spoken English classes, with a collaborative and peer-learning approach.
Get Into Programme: works with young people who are ‘work-ready’ but do not have the relevant professional skills or experience to enable them to move into the formal labour market. Each programme is sector-specific and is designed together with employer partners in order to meet the skills gap they experience.
Skill Impact Bond: The National Skill Development Corpora􀆟on (NSDC) launched the Skill Impact Bond (SIB) in 2022 and Magic Bus was selected one of the first NGOs and implementation partners. A first in India in the skilling space, this programme model will drive innovations in programme interventions and performance management systems. It will identify capable models in solving the challenges in the skilling ecosystem and bring a focus on aligning various outcomes.

Financials

FY 2020 (₹)

FY 2021 (₹)

FY 2022 (₹)

Income and Expenditure Statement 10,452,644 106,617,284 71,637,000

Income
Government Sources	-	-	-
Foreign Sources	575,250,335	407,070,929	231,488,515
Institutional Sources	-	-	-
General Donations	382,104,062	539,528,055	874,166,485
Sales/Fees	-	-	-
Interest/Dividend	8,721,422	14,855,330	-
Other Income	479,186	229,502	19,412,000
Total Income (A)	966,555,005	961,683,816	1,125,067,000

Expenditure
Direct Program Activities	184,405,822	162,654,898	906,069,000
Program Staff Cost	434,358,313	404,090,136	-
Travel Expenses	63,826,818	27,239,070	-
Direct Program Expenses	618,764,135	566,745,034	906,069,000
Fund Raising Expenses	86,926	397,964	-
General Staff Cost	67,456,103	69,055,593	-
Overhead Expenses	161,733,768	158,909,979	106,024,000
Depreciation	44,234,611	32,718,892	41,337,000
Other Expenses/Transfers	-	-	-
Total Expenditure (B)	956,102,361	855,066,532	1,053,430,000

Surplus / Deficit (A-B)	10,452,644	106,617,284	71,637,000

Balance Sheet 671,823,468 741,778,974 748,532,000

Assets
Fixed Assets	94,423,885	98,263,204	146,334,000
Current Assets	72,628,989	67,926,803	129,712,000
Cash And Bank	382,725,860	575,588,967	472,486,000
Total Current Assets	549,778,734	741,778,974	748,532,000
Investments	122,044,734	-	-
Accumulated Deficits	-	-	-
Total Assets	671,823,468	741,778,974	748,532,000

Liabilities
Trust Corpus	2,000	2,000	2,000
General Funds	21,307,742	127,925,027	242,301,000
Earmarked Funds	42,738,181	42,738,181	35,986,000
Unutilized Grants	10,944,791	-	-
Total	74,992,714	170,665,208	278,289,000
Loans	-	-	-
Loans (From Members)	-	-	-
Current Liabilities	596,830,754	571,113,766	470,243,000
Other Liabilities	-	-	-
Total Liabilities	671,823,468	741,778,974	748,532,000

Financial Notes

1) Donations include donations in kind.
2) Other income includes profit on sale of mutual fund.
3) Direct Programme Activities include administrative expenses pertaining to programmes.
4) There are overall amounts spent on programmes, but not a detailed breakdown- FY22.
5) Other expenses includes foreign exchange loss, prior period items, loss on sale of assets, amounts written off, and provision for doubtful advances.

Additional Information

	FY 2020	FY 2021	FY 2022
Beneficiary Details
Direct Beneficiaries (nos.)	-	-	-
Indirect Beneficiaries (nos.)	-	-	-
Average Cost per Direct Beneficiary (₹)	-	-	-
Staff Details
No. of Staff	-	-	-
Number of Consultants	-	-	-
Number Of Volunteers	-	-	-
Total	-	-	-
Highest Paid Full-Time Staff (₹ p.a.)	-	-	-
Lowest Paid Full-Time Staff (₹ p.a.)	-	-	-

HelpYourNGO Support

Services	Funds Raised (₹)
	2,000
Donation	3,000
Total Funds Raised	5,000

Trend Analysis

Peer Comparison

NGO Name	Sector	Sub Sector	Location	% Spent on Beneficiaries	Income (₹)	Expense (₹)
	Grace Peter Charitable Trust	Children	Services	Tamil Nadu	94	647,790	659,846
arr4
	Udayan Care	Children	Comprehensive	Delhi	89	234,173,621	234,608,000
arr2
	Magic Bus India Foundation	Children	Services	Maharashtra	86	1,125,067,000	1,053,430,000
	Vathsalya Charitable Trust	Children	Child Care/Balwadi/Creche	Karnataka	82	11,534,617	12,747,852
	Annamitra Foundation (Formerly known as ISKCON Food Relief Foundation)	Children	Nutrition	Maharashtra	73	447,797,532	462,334,334
arr3
	Family Service Centre	Children	Adoption	Maharashtra	67	8,855,533	7,095,463

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Magic Bus India Foundation