Bagaduce Music Lending Library

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Bagaduce Music Lending Library Form 990, Revenue, CEO Pay, and IRS Filing Signals

Bagaduce Music Lending Library is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Bagaduce Music Lending Library in one place.

Is Bagaduce Music Lending Library Legit?

Some Concerns

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

IRS 990 Data Cockpit

Where the Money Comes From and Where It Goes

Across stored filings, Bagaduce Music Lending Library shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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Bagaduce Music Lending Library directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.

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.

Organization Overview

Bagaduce Music Lending Library is a small nonprofit that has been operating for 42 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.3%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: B

In 2023, Bagaduce Music Lending Library reported a deficit of $65K with expenses exceeding revenue, holds 104.5 months of operating reserves (strong position), has a debt-to-asset ratio of 0.3% (very low leverage).

Financial Trends

Over 13 years of filings (2011–2023), Bagaduce Music Lending Library's revenue has grown at a compound annual growth rate (CAGR) of 2.3%.

IRS Tax-Exempt Classification

Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.

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.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

• The organization reported a deficit of $65K, with expenses exceeding revenue.
• Debt-to-asset ratio: 0.3%.

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

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-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.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Bagaduce Music Lending Library:

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.