HelpYourNGO
Magic Bus India Foundation
Children
Services
50% u/s 80G of The Income Tax Act, 1961
UN Sustainable Development Goals:
% Spent on Beneficiaries
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 |
| Website | : | https://www.magicbus.org |
| : | 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 , |
Presence
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 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.
Key Donors
- State Governments
- Nestle
- WPP India CSR Foundation
- HDFC Bank
- Millenium Alliance
- Hero
- Ford Foundation
- Asian Paints
Awards & Recognition
- Founder awarded Business Standard's Social Entrepreneur of the Year - 2018 ET Now Leadership Award in the field of Education & Learning - 2018
HelpYourNGO Support
₹ 5,000
Donation Options
- Rs500/month for helping 1 child to stay in school.
- Rs1,500/month for helping 1 child complete school till Std12.
- Rs6,000 for training and job placement of 1 youth.
Financials
| Income & Expenditure Statement | |||
| 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 |
| Balance Sheet | |||
| FY 2022 (₹) | FY 2023 (₹) | FY 2024 (₹) | |
| 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 |
| Financial Notes |
|
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. |
Additional Information
| 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.) | - | - | - |
Financial Overview:
Income and Expenses
Peer Comparison
| NGO Name | Sector | Sub Sector | Location | % Spent on Beneficiaries | Income (₹) | Expense (₹) | FY |
| Sanjivani Medical Training Centre | Children | Home/Transit Home | Maharashtra | 99 | 2,330,811 | 2,344,490 | 2015 |
| Sabarmathi Social Seva Sangam | Children | Child Care/Balwadi/Creche | Tamil Nadu | 98 | 1,732,337 | 1,729,376 | 2014 |
| Vidyanikethan | Children | Karnataka | 98 | 33,267,956 | 33,975,011 | 2020 | |
| Bhatkya Vimukta Jati Shikshan Sanstha (BVJSS) | Children | Adoption | Maharashtra | 98 | 55,807,652 | 53,230,312 | 2023 |
| Economic Rural Development Society (ERDS) | Children | Child Care/Balwadi/Creche | West Bengal | 97 | 10,417,505 | 10,477,932 | 2016 |
| Magic Bus India Foundation | Children | Services | Maharashtra | 83 | 1,951,379,000 | 1,890,378,000 | 2024 |
