Magic Bus Usa
EIN: 273053614 · Houston, TX · NTEE: Q33
| Metric | Value |
|---|---|
| Total Revenue | $2.0M |
| Total Expenses | $3.0M |
| Net Assets | $5.8M |
Is Magic Bus Usa Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Magic Bus Usa
Magic Bus Usa (EIN: 273053614) is a nonprofit organization based in Houston, TX, classified under NTEE code Q33. The organization reported total revenue of $2.0M and total assets of $5.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Magic Bus Usa's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Magic Bus Usa is a mid-size nonprofit that has been operating for 16 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 31.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $6.8M |
| Total Expenses | $3.0M |
| Surplus / Deficit | +$3.8M |
| Total Assets | $5.9M |
| Total Liabilities | $111K |
| Net Assets | $5.8M |
| Operating Margin | 55.9% |
| Debt-to-Asset Ratio | 1.9% |
| Months of Reserves | 23.6 months |
Financial Health Grade: A
In 2023, Magic Bus Usa reported a surplus of $3.8M with revenue exceeding expenses, holds 23.6 months of operating reserves (strong position), has a debt-to-asset ratio of 1.9% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Magic Bus Usa's revenue has grown at a compound annual growth rate (CAGR) of 31.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +124.7% | +63.6% | +189.9% |
| 2022 | +204.7% | +147.0% | +158.8% |
| 2021 | -33.7% | -35.1% | +10.1% |
| 2020 | +17.2% | -23.0% | +182.6% |
| 2019 | -13.2% | -17.3% | -38.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2010 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Magic Bus Usa has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Magic Bus Usa with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $3.8M, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.9%.
Frequently Asked Questions about Magic Bus Usa
Is Magic Bus Usa a legitimate charity?
Magic Bus Usa (EIN: 273053614) is a registered tax-exempt nonprofit based in Texas. It has 13 years of IRS 990 filings on record. Total revenue: $2.0M. No red flags identified. Financial health grade: A.
How does Magic Bus Usa spend its money?
Magic Bus Usa reported $2.0M in total revenue in IRS 990 filings. 13 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Magic Bus Usa tax-deductible?
Magic Bus Usa is registered as a tax-exempt nonprofit (EIN: 273053614). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Magic Bus Usa located?
Magic Bus Usa is headquartered in Houston, Texas and files with the IRS under EIN 273053614. It is classified under NTEE code Q33.
How many years of IRS 990 filings does Magic Bus Usa have?
Magic Bus Usa has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $2.0M in total revenue.
Filing History
IRS 990 filing history for Magic Bus Usa showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Magic Bus Usa's revenue has grown by 2503%, moving from $261K to $6.8M. Total assets increased by 3490.3% over the same period, from $164K to $5.9M. Total functional expenses rose by 997.4%, from $273K to $3.0M. In its most recent filing year (2023), Magic Bus Usa reported a surplus of $3.8M, with revenue exceeding expenses. The organization holds $111K in liabilities against $5.9M in assets (debt-to-asset ratio: 1.9%), resulting in net assets of $5.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6.8M | $3.0M | $5.9M | $111K | — | — |
| 2022 | $3.0M | $1.8M | $2.0M | $60K | — | View 990 |
| 2021 | $992K | $740K | $783K | $10K | — | View 990 |
| 2020 | $1.5M | $1.1M | $711K | $190K | — | View 990 |
| 2019 | $1.3M | $1.5M | $252K | $85K | — | View 990 |
| 2018 | $1.5M | $1.8M | $412K | $40K | — | View 990 |
| 2017 | $682K | $1.1M | $704K | $9K | — | View 990 |
| 2016 | $1.8M | $1.4M | $742K | $16K | — | — |
| 2015 | $943K | $886K | $309K | $3K | — | View 990 |
| 2014 | $1.1M | $847K | $252K | $0 | — | View 990 |
| 2013 | $160K | $160K | $3K | $0 | — | View 990 |
| 2012 | $163K | $323K | $3K | $0 | — | View 990 |
| 2011 | $261K | $273K | $164K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6.8M, expenses of $3.0M, and assets of $5.9M (revenue +124.7% year-over-year).
- 2022: Revenue of $3.0M, expenses of $1.8M, and assets of $2.0M (revenue +204.7% year-over-year).
- 2021: Revenue of $992K, expenses of $740K, and assets of $783K (revenue -33.7% year-over-year).
- 2020: Revenue of $1.5M, expenses of $1.1M, and assets of $711K (revenue +17.2% year-over-year).
- 2019: Revenue of $1.3M, expenses of $1.5M, and assets of $252K (revenue -13.2% year-over-year).
- 2018: Revenue of $1.5M, expenses of $1.8M, and assets of $412K (revenue +115.5% year-over-year).
- 2017: Revenue of $682K, expenses of $1.1M, and assets of $704K (revenue -61.6% year-over-year).
- 2016: Revenue of $1.8M, expenses of $1.4M, and assets of $742K (revenue +88.4% year-over-year).
- 2015: Revenue of $943K, expenses of $886K, and assets of $309K (revenue -14.0% year-over-year).
- 2014: Revenue of $1.1M, expenses of $847K, and assets of $252K (revenue +584.7% year-over-year).
- 2013: Revenue of $160K, expenses of $160K, and assets of $3K (revenue -1.4% year-over-year).
- 2012: Revenue of $163K, expenses of $323K, and assets of $3K (revenue -37.7% year-over-year).
- 2011: Revenue of $261K, expenses of $273K, and assets of $164K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Magic Bus Usa:
Data Sources and Methodology
This transparency report for Magic Bus Usa is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.