Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 2010.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
84 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
6 people listed on the 990; $128K paid to officers and key staff.
Sarah Currid’s $42K as Executive Director is at the 6th percentile of top reported officer pay among 1168 $1–10M international nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 2 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Sarah Currid | $41,934 | $128,000 | $150,000 | — | — |
| Matthew Spacie | — | — | — | $16,764 | $7,620 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aNo
Programs and updates
Uses sports and activities to help marginalized youth in India break cycles of poverty.
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Magic bus envisions a world where marginalized youth in india and across south asia are provided the opportunities to break the cycle of inherited poverty. We do this by teaching essential life skills, supporting students with academic challenges, providing employability education, and connecting our program participants to work which…
Grant to magic bus global (uk)
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2023 990, line by line.
Download 990
| Line | Start FY23 | End FY23 |
|---|---|---|
| Cash and savingsLn 1–2 | $943K | $4.9M |
| InvestmentsLn 11–13 | $15K | $35K |
| Total assetsLn 16 | $2.0M | $5.9M |
| LiabilitiesLn 26 | $60K | $111K |
| Net assetsLn 32 | $2.0M | $5.8M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants and assistance to foreign recipientsLn 3 | $2.5M | $2.5M | ||
| Pay of current officers, directors and key staffLn 5 | $128K | $128K | ||
| Other salaries and wagesLn 7 | $115K | $41K | $74K | |
| Pension plan contributionsLn 8 | $19K | $19K | ||
| Other employee benefitsLn 9 | $6K | $6K | ||
| Accounting feesLn 11c | $18K | $18K | ||
| Other fees for servicesLn 11g | $85K | $62K | $23K | |
| Advertising and promotionLn 12 | $6K | $2K | $4K | |
| Office expensesLn 13 | $34K | $7K | $27K | |
| Information technologyLn 14 | $25K | $25K | ||
| TravelLn 17 | $52K | $11K | $41K | |
| InsuranceLn 23 | $3K | $3K | ||
| Total functional expensesLn 25 | $3.0M | $2.5M | $192K | $298K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest | $1.7M | $2.7M | −$904K | $4.9M | 990 PDF |
| FY2023 Viewing | $6.8M | $3.0M | $3.8M | $5.8M | 990 PDF |
| FY2022 | $3.0M | $1.8M | $1.2M | $2.0M | 990 PDF |
| FY2021 | $992K | $740K | $252K | $773K | 990 PDF |
| FY2020 | $1.5M | $1.1M | $355K | $521K | 990 PDF |
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Schedules filed Part IV
See the full FY2023 990 (4 parts)
Part VIII · Statement of revenue $6,790,723 across 7 lines filed
Part IX · Statement of functional expenses $2,993,025 across 12 lines filed
Part X · Balance sheet $5,874,672 assets, 12 lines filed
Part XI · Reconciliation of net assets $5,763,672 net assets at year end
Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File
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