Bagaduce Music Lending Library
Bagaduce Music Lending Library: Sustained Mission, Declining Revenue
EIN: 222537865 · Blue Hill, ME · NTEE: B76Z · Updated: 2026-04-04
About Bagaduce Music Lending Library
Bagaduce Music Lending Library (EIN: 222537865) is a nonprofit organization based in Blue Hill, ME, classified under NTEE code B76Z. The organization reported total revenue of $522K and total assets of $3.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bagaduce Music Lending Library's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Bagaduce Music Lending Library with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 70%
- fundraising: 15%
According to IRS 990 filings, Bagaduce Music Lending Library allocates its expenses as follows: admin: 15%, programs: 70%, fundraising: 15%. Approximately 70% goes to programs, indicating moderate mission focus.
Executive Compensation Analysis
Executive compensation is not reported in the provided filings, indicating that no officer, director, trustee, or key employee received more than $100,000 in reportable compensation.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Bagaduce Music Lending Library's IRS 990 filings:
- Revenue has shown a general downward trend over the past several years, from $600,028 in 2017 to $266,662 in 2023.
- Total assets have decreased from $3,649,047 in 2017 to $2,887,090 in 2023, suggesting a draw on reserves or asset depreciation.
- The organization consistently reports 0% lobbying expenses, which may limit advocacy efforts if relevant to their mission.
Strengths
The following positive indicators were identified for Bagaduce Music Lending Library:
- Consistent operation and filing history since at least 2016, demonstrating organizational stability.
- Low liability relative to assets, indicating a healthy financial position.
- The mission of lending music is unique and directly serves a cultural and educational need in the community.
Frequently Asked Questions about Bagaduce Music Lending Library
What does Bagaduce Music Lending Library do?
Bagaduce Music Lending Library is a nonprofit organization in the Education sector, located in Blue Hill, Maine. It is classified under NTEE code B76Z.
How much revenue does Bagaduce Music Lending Library have?
Bagaduce Music Lending Library reported total revenue of $521,634. Based on 13 IRS 990 filings on record.
What are Bagaduce Music Lending Library's total assets?
Bagaduce Music Lending Library holds total assets of $2,978,517 as reported in IRS 990 filings.
Where is Bagaduce Music Lending Library located?
Bagaduce Music Lending Library is based in Blue Hill, Maine.
What is Bagaduce Music Lending Library's EIN?
Bagaduce Music Lending Library's Employer Identification Number (EIN) is 222537865. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Bagaduce Music Lending Library?
Bagaduce Music Lending Library is classified under NTEE code B76Z (Education).
Is Bagaduce Music Lending Library a registered 501(c)(3)?
Yes, Bagaduce Music Lending Library is recognized as a tax-exempt organization by the IRS. EIN: 222537865.
Does Bagaduce Music Lending Library file IRS Form 990?
Yes, Bagaduce Music Lending Library has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Bagaduce Music Lending Library's revenue in 2023?
In the 202312 filing period, Bagaduce Music Lending Library reported total revenue of $266,662, total expenses of $331,618, and net assets of $2,887,090.
Is Bagaduce Music Lending Library's revenue growing or declining?
Bagaduce Music Lending Library's revenue is relatively stable. Revenue went from $277,268 (202212) to $266,662 (202312), a -3.8% change. Based on 13 filings on record.
What is Bagaduce Music Lending Library's most recent 990 filing?
The most recent IRS Form 990 filing for Bagaduce Music Lending Library covers tax period 202312. It shows revenue of $266,662, expenses of $331,618, total assets of $2,887,090, and liabilities of $8,278.
How much does Bagaduce Music Lending Library spend on programs vs administration?
Based on IRS 990 analysis, Bagaduce Music Lending Library allocates approximately 70% of expenses to program services, 15% to administrative costs, and 15% to fundraising. Program spending is moderate relative to overhead.
Is Bagaduce Music Lending Library a trustworthy charity?
Based on AI analysis of IRS 990 data, Bagaduce Music Lending Library appears trustworthy. Mission Score: 85/100 (Excellent). 3 red flags identified. 3 strengths noted.
What are the red flags for Bagaduce Music Lending Library?
The following concerns were identified: Revenue has shown a general downward trend over the past several years, from $600,028 in 2017 to $266,662 in 2023.. Total assets have decreased from $3,649,047 in 2017 to $2,887,090 in 2023, suggesting a draw on reserves or asset depreciation.. The organization consistently reports 0% lobbying expenses, which may limit advocacy efforts if relevant to their mission.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Bagaduce Music Lending Library's strengths?
Positive indicators for Bagaduce Music Lending Library include: Consistent operation and filing history since at least 2016, demonstrating organizational stability.. Low liability relative to assets, indicating a healthy financial position.. The mission of lending music is unique and directly serves a cultural and educational need in the community.. These findings are derived from AI analysis of the organization's financial filings.
How does Bagaduce Music Lending Library compensate executives?
Executive compensation is not reported in the provided filings, indicating that no officer, director, trustee, or key employee received more than $100,000 in reportable compensation. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent decline in revenue, what strategies are being implemented to diversify funding sources or increase community engagement to reverse this trend?
The provided data does not detail specific strategies for revenue diversification. The consistent decline suggests a need for new fundraising approaches or increased outreach to maintain long-term sustainability.
How does the Bagaduce Music Lending Library measure the impact and reach of its music lending programs, especially in light of the limited program narrative in its 990-EZ filings?
The 990-EZ forms do not provide metrics on program impact or reach, such as number of loans, unique patrons, or educational outcomes. This information would be crucial for a comprehensive understanding of their effectiveness.
Filing History
IRS 990 filing history for Bagaduce Music Lending Library showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Bagaduce Music Lending Library's revenue has grown by 31.9%, moving from $202K to $267K. Total assets increased by 39.2% over the same period, from $2.1M to $2.9M. Total functional expenses rose by 77.1%, from $187K to $332K. In its most recent filing year (2023), Bagaduce Music Lending Library reported a deficit of $65K, with expenses exceeding revenue. The organization holds $8K in liabilities against $2.9M in assets (debt-to-asset ratio: 0.3%), resulting in net assets of $2.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $267K | $332K | $2.9M | $8K | — | — |
| 2022 | $277K | $469K | $2.9M | $12K | — | — |
| 2021 | $293K | $368K | $3.2M | $11K | — | View 990 |
| 2020 | $205K | $365K | $3.2M | $11K | — | — |
| 2019 | $201K | $353K | $3.4M | $5K | — | View 990 |
| 2018 | $200K | $309K | $3.5M | $4K | — | View 990 |
| 2017 | $600K | $358K | $3.6M | $4K | — | View 990 |
| 2016 | $594K | $220K | $3.4M | $5K | — | View 990 |
| 2015 | $327K | $212K | $2.9M | $4K | — | View 990 |
| 2014 | $787K | $227K | $2.8M | $4K | — | View 990 |
| 2013 | $310K | $156K | $2.2M | $6K | — | View 990 |
| 2012 | $157K | $176K | $2.1M | $5K | — | View 990 |
| 2011 | $202K | $187K | $2.1M | $6K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $267K, expenses of $332K, and assets of $2.9M (revenue -3.8% year-over-year).
- 2022: Revenue of $277K, expenses of $469K, and assets of $2.9M (revenue -5.3% year-over-year).
- 2021: Revenue of $293K, expenses of $368K, and assets of $3.2M (revenue +43.0% year-over-year).
- 2020: Revenue of $205K, expenses of $365K, and assets of $3.2M (revenue +1.8% year-over-year).
- 2019: Revenue of $201K, expenses of $353K, and assets of $3.4M (revenue +0.8% year-over-year).
- 2018: Revenue of $200K, expenses of $309K, and assets of $3.5M (revenue -66.7% year-over-year).
- 2017: Revenue of $600K, expenses of $358K, and assets of $3.6M (revenue +1.0% year-over-year).
- 2016: Revenue of $594K, expenses of $220K, and assets of $3.4M (revenue +81.9% year-over-year).
- 2015: Revenue of $327K, expenses of $212K, and assets of $2.9M (revenue -58.5% year-over-year).
- 2014: Revenue of $787K, expenses of $227K, and assets of $2.8M (revenue +154.2% year-over-year).
- 2013: Revenue of $310K, expenses of $156K, and assets of $2.2M (revenue +97.4% year-over-year).
- 2012: Revenue of $157K, expenses of $176K, and assets of $2.1M (revenue -22.4% year-over-year).
- 2011: Revenue of $202K, expenses of $187K, and assets of $2.1M.
Data Sources and Methodology
This transparency report for Bagaduce Music Lending Library 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.