Magic Bus USA

Analysis

Magic Bus USA is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in October 2010, 16 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Magic Bus USA reported income of $6.8m and spending of $3.0m, leaving 56% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $6.8m (+432%), an average of +52% a year. The sharpest change came in the year to December 2022, when income rose by 205%. Over the whole period it spent 60% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Magic Bus USA sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 95th percentile within TX. Charities of a similar size with the same main cause include International Disaster Emergency Service Inc ($6.8m), Pacific Institute for Studies in Development Environment and Securi ($6.8m) and One Family Fund ($6.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 101% of the total. Compensation of current officers, directors and key employees was $128k (4.3% of expenses). Other salaries and wages came to $115k. At year end it held assets of $5.9m against liabilities of $111k, net assets of $5.8m. It reported 3 employees.