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Magic Bus India Foundation

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

UN Sustainable Development Goals:
NGO LogoNGO Logo

% Spent on Beneficiaries

83%
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 : 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
Trustees/Directors/Managing Committee: : Mr. Deval Sanghavi, Mr. Rajiv Dube, Ms. Shaneen Parikh, Mr. Sandeep Murthy, Mr. Jaideep Khanna

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 by equipping them with the life 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 works 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 basic literacy and numeracy. Magic Bus works with multiple stakeholders from an adolescent’s ecosystem to build a network of support and uplift their community.

Through Community Connect, Magic Bus works with families, community leaders, and local authorities to create a supportive environment for adolescents’ aspirations. This collaborative approach strengthens the ecosystem around each adolescent, helping align parents, educators, and community members with their growth and learning goals.

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.

Skilling Programmes: The Standard Skilling Programme offers life skills, financial and digital literacy, and interview preparation to equip youth for roles in high-growth sectors like retail, IT & ITeS, BFSI, and hospitality. FutureX, a blended learning model, extends this training to scale, aiming to reach thousands annually through technology infrastructure and centralized support functions like placements and mentorship. The Connect with Work program bridges employment gaps for young graduates, providing intensive skilling and job placements within one week, followed by a 12-month support period. Additionally, the AWS Cloud Skilling Programme, in partnership with Amazon Web Services, trains underserved youth in cloud computing, combining technical skills with employability training and preparing participants for certification and entry-level cloud roles in the modern workforce.

FY 2022 (₹) FY 2023 (₹) FY 2024 (₹)
Income
Government Sources - - -
Foreign Sources 231,488,515 411,954,399 -
Institutional Sources - - -
General Donations 874,166,485 979,018,601 1,924,495,000
Sales/Fees - - -
Interest/Dividend - - -
Other Income 19,412,000 21,620,000 26,884,000
Total Income (A) 1,125,067,000 1,412,593,000 1,951,379,000
 
Expenditure
Direct Program Activities 906,069,000 1,130,410,000 1,567,471,000
Program Staff Cost - - -
Travel Expenses - - -
Direct Program Expenses 906,069,000 1,130,410,000 1,567,471,000
Fund Raising Expenses - - -
General Staff Cost - - -
Overhead Expenses 106,024,000 155,500,000 243,731,000
Depreciation 41,337,000 62,590,000 79,176,000
Other Expenses/Transfers - - -
Total Expenditure (B) 1,053,430,000 1,348,500,000 1,890,378,000
 
Surplus / Deficit (A-B) 71,637,000 64,093,000 61,001,000
Assets
Fixed Assets 146,334,000 169,067,000 193,479,000
Current Assets 129,712,000 143,394,000 141,159,000
Cash And Bank 472,486,000 417,956,000 765,597,000
Total Current Assets 748,532,000 730,417,000 1,100,235,000
Investments - - -
Accumulated Deficits - - -
Total Assets 748,532,000 730,417,000 1,100,235,000
 
Liabilities
Trust Corpus 2,000 2,000 2,000
General Funds 242,301,000 306,393,000 367,394,000
Earmarked Funds 35,986,000 - -
Unutilized Grants - - -
Total 278,289,000 306,395,000 367,396,000
Loans - - -
Loans (From Members) - - -
Current Liabilities 470,243,000 424,022,000 732,839,000
Other Liabilities - - -
Total Liabilities 748,532,000 730,417,000 1,100,235,000
1) Donations include donations in kind.
2) Other income includes profit on the sale of mutual funds.
3) Direct Programme Activities include administrative expenses pertaining to programs.
4) There are overall amounts spent on programs, but not a detailed breakdown- FY22.
5) Other expenses include foreign exchange loss, prior period items, loss on sale of assets, amounts written off, and provision for doubtful advances.
FY 2022 FY 2023 FY 2024
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 91 298,543,212 266,158,757
arr2
Magic Bus India Foundation Children Services Maharashtra 83 1,951,379,000 1,890,378,000
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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