Overview
What is Magic Bus Usa?
Magic Bus USA is a nonprofit organization situated in Houston, Texas. Their primary mission is to empower marginalized children and youth in India and South Asia, assisting them in overcoming the cycle of inherited poverty. This is achieved through various means, including teaching essential life skills, providing academic support, offering employability education, and connecting these individuals to opportunities that enable them to thrive in their transition to adulthood. Magic Bus utilizes sport and activity-based approaches, incorporating mentoring as a tool, to break the cycle of social and economic deprivation. Their work is grounded in the principles of human rights, education, health, gender equality, and sustainable livelihoods. The organization currently employs a team of four dedicated individuals.
Official website here: www.magicbususa.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Stars)
Magic Bus USA has achieved a Four-Star rating from Charity Navigator, indicating a high level of accountability and financial health. The organization scored exceptionally well in all assessed categories, particularly in having a fully independent board and robust financial oversight, which contributes to its strong standing in the nonprofit sector.
Strengths include a solid financial management framework, highlighted by a low liabilities to assets ratio and high fundraising efficiency. The charity demonstrates a commitment to transparency, with all required policies listed and financial statements audited. The program expense ratio, while decent, suggests there may be room for improvement in allocating a larger percentage of funds directly to programs.
Overall, Magic Bus USA showcases commendable governance practices and a strong financial position, making it a trustworthy option for donors. However, continuing to increase the program expense ratio could enhance its impact and efficiency further.
This AI summary has been generated from information found on Charity Navigator.
Is Magic Bus Usa legitimate?
Magic Bus Usa is a legitimate nonprofit organization registered as a 501(c)(3) entity. Magic Bus Usa submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $128,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $115,081
For more financial information, click here
Official website here: www.magicbususa.org
What is the mission statement of Magic Bus Usa?
Magic Bus USA aims to assist marginalized children and youth in India, utilizing sport and activity-based approaches along with mentoring as tools. Their mission is centered around breaking the cycle of social and economic deprivation. This is achieved by promoting human rights, education, health, gender equality, and sustainable livelihoods. The organization envisions a world where these youth in India and South Asia have opportunities to escape the cycle of inherited poverty. They accomplish this by teaching essential life skills, supporting students with academic challenges, providing employability education, and connecting program participants to work opportunities, enabling them to thrive during their transition to adulthood.
Official website here: www.magicbususa.org
What is the revenue of Magic Bus Usa?
Magic Bus Usa's revenue in 2023 was $6,790,723.
Official website here: www.magicbususa.org
Who are the executives of Magic Bus Usa and what are their salaries?
The average compensation at Magic Bus Usa during 2023 was $81,027. There are 3 employees and 25 volunteers at Magic Bus Usa.
Here are 6 key members and their salaries:
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- Related: $0
- Other: $0
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- Other: $0
- Compensation: $128,000
- Related: $0
- Other: $22,000
Official website here: www.magicbususa.org
Where can I find the form 990 for Magic Bus Usa?
Magic Bus Usa's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.magicbususa.org
Learn more at the official website: www.magicbususa.org
Mission Statement of Magic Bus Usa
Magic Bus USA is an organization that focuses on assisting marginalized children and youth in India, aiming to break the cycle of social and economic deprivation. They achieve this through the use of sport and activity-based approaches, incorporating mentoring as a tool. This mission is guided by the principles of human rights, education, health, gender equality, and sustainable livelihoods. Magic Bus USA envisions a world where these marginalized youth in India and across South Asia have the opportunity to escape the cycle of inherited poverty. They accomplish this by teaching essential life skills, supporting students with academic challenges, providing employability education, and connecting their program participants to work opportunities that enable them to thrive during their transition into adulthood.
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Impact
October, 2024
Magic Bus USA significantly impacts marginalized children and youth in India, helping them break the cycle of social and economic deprivation. Through a unique, sport and activity-based approach, the organization provides essential life skills, academic support, and employability education. This holistic framework empowers participants to thrive during their transition to adulthood by fostering personal development and resilience.
Magic Bus USA also focuses on mentoring as a crucial tool, connecting youth with positive role models and resources that enhance their opportunities for success. By promoting education, health, gender equality, and sustainable livelihoods, the organization cultivates an environment where young individuals can envision and pursue a brighter future. Ultimately, Magic Bus USA plays a vital role in transforming lives and communities, equipping marginalized youth in India and South Asia with the tools they need to overcome inherited poverty and achieve their full potential.
This information is meant to be a general summary of Magic Bus Usa. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $99,411
- Gross Receipts: $7,050,553
Assets and Liabilities:
- Total Assets: $2,026,142
- Total Liabilities: $60,168
- Net Assets: $1,965,974
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Organization Details
Founding Year
2010
Principal Officer
Amit Bhandari
Website
www.magicbususa.orgNTEE Category
Code: Q33 - International
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