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Magic Bus India Foundation

Sector: Children
Sub Sector: Sports for Development
Tax Deduction: 50% u/s 80G of The Income Tax Act, 1961
FCRA:

UN Sustainable Development Goal:
NGO Logo

% Spent on Beneficiaries

69%
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.

Year of Establishment : 2001
Registered Address : Room No. 5, 2nd Floor, A Wing, Todi Estate, Sun Mills Compound, Lower Parel, Mumbai 400013 , 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 : S. L. Makhija & Co.
Bankers : ICICI Bank, HSBC Bank, HDFC Bank, Axis Bank, ING Vyasya Bank
Trustees/Directors/Managing Committee: : Mr. Matthew Spacie - Founder, Mr. Deval Sanghavi, Ms. Samantha Nayar, Mr. Rajeev Dubey, Ms. Shaneen Parikh, Mr. Sandeep Murthy, Mr. Arpan Sheth, Mr. Jaideep Khanna

These ‘life-skills’ – which range from education and gender equality to health and employability – are taught by youth leaders from the communities themselves supported and trained through Magic Bus’ unique mentorship programme. Through its network of more than 8,000 such youth trainers, Magic Bus accompanies children on their journey from childhood to livelihood to help them grow up and become successful and participating members of their communities.   

The programme begins when a child is seven years old, follows their journey through childhood and aims to create confident young people, ready for jobs or higher education opportunities.

It fosters young adults to deliver their programme and to become role models and mentors for the children. Both the young adults, who work with them as volunteers, and the children, come from the same communities, enabling a relationship that is both close and constant. The young adults are trained to deliver the activity-based curricula Magic Bus has pioneered, to bring about changes in behaviours and practices. They work to promote gender equality, access to education and health services, as well as on developing a child's social and emotional skills. Their other key role is to work with the child’s support structure: the parents, the community at large and local institutions to ensure the change they make results in social, emotional and economic well-being for all children living in that area.

The programme delivered has strong grounding in academic research and is based on classical learning theories. Sporting activities and games are structured into each session to make them fun and appealing to children. Sessions are designed to represent real-life situations and challenges so children are able to relate these back to their daily lives. 

Magic Bus has partnerships with Comic Relief, Laureus, Marchesa, Mondelez, Bloomberg, Nestle, Barclays, Coca Cola, HSBC, ICICI Foundation, Bernard Lewis Charitable Trust, BMW Group India, Vodafone, Asian Paints, Herbal Life, Tech Mahindra, Reliance Foundation, Tata Power, Boeing, ICRW-MacArthur, Prudential, Mastek, EClerx, FIFA, etc.

FY 2019 (₹) FY 2020 (₹) FY 2021 (₹)
Income
Government Sources - - -
Foreign Sources 520,034,110 575,250,335 407,070,929
Institutional Sources - - -
General Donations 342,809,801 382,104,062 539,528,055
Sales/Fees - - -
Interest/Dividend 8,217,745 8,721,422 14,855,330
Other Income 1,845,990 479,186 229,502
Total Income (A) 872,907,646 966,555,005 961,683,816
 
Expenditure
Direct Program Activities 198,364,537 184,405,822 162,654,898
Program Staff Cost 357,173,378 434,358,313 404,090,136
Travel Expenses 60,685,063 63,826,818 27,239,070
Direct Program Expenses 555,537,915 618,764,135 566,745,034
Fund Raising Expenses 2,130,313 86,926 397,964
General Staff Cost 53,100,125 67,456,103 69,055,593
Overhead Expenses 165,836,853 161,733,768 158,909,979
Depreciation 48,291,405 44,234,611 32,718,892
Other Expenses/Transfers - - -
Total Expenditure (B) 885,581,674 956,102,361 855,066,532
 
Surplus / Deficit (A-B) -12,674,028 10,452,644 106,617,284
Assets
Fixed Assets 104,765,626 94,423,885 98,263,204
Current Assets 37,610,717 72,628,989 67,926,803
Cash And Bank 273,872,200 382,725,860 575,588,967
Total Current Assets 416,248,543 549,778,734 741,778,974
Investments 55,100,237 122,044,734 -
Accumulated Deficits - - -
Total Assets 471,348,780 671,823,468 741,778,974
 
Liabilities
Trust Corpus 2,000 2,000 2,000
General Funds 10,855,098 21,307,742 127,925,027
Earmarked Funds 42,738,181 42,738,181 42,738,181
Unutilized Grants 37,655,189 10,944,791 -
Total 91,250,468 74,992,714 170,665,208
Loans - - -
Loans (From Members) - - -
Current Liabilities 380,098,312 596,830,754 571,113,766
Other Liabilities - - -
Total Liabilities 471,348,780 671,823,468 741,778,974
1) Donations include donations in kind.
2) Other income includes profit on sale of mutual fund.
3) Expenses have been classified based on Natural Classification in FY15 & FY16 (earlier classified based on Functional Classification). As a result Expense items prior to FY15 are not comparable with FY15 & FY16.
4) Other expenses includes foreign exchange loss, prior period items, loss on sale of assets, amounts written off, and provision for doubtful advances. In FY17, provision for doubtful advances was Rs49.21 lakhs.
5) Other Liabilities include long term provisions.
FY 2019 FY 2020 FY 2021
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.) - - -
Services Funds Raised (₹)
2,000
Donation 3,000
Total Funds Raised 5,000
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
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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
Magic Bus India Foundation Children Sports for Development Maharashtra 69 961,683,816 855,066,532
Family Service Centre Children Adoption Maharashtra 67 8,855,533 7,095,463


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