He is truly the master of his domain: the ring, Gandalf’s spells, etc have no his realm. I always felt he was a survivor or holdover from an earlier age, and akin to a god.
He’s definitely more powerful than a Maia (as the ring has no effect.). My headcanon is he’s either Eru himself or an insert of Tolkien, hence why he has no wish to stop Sauron (because he wants the story to unfold.)
Or the acts of short-lived beings like elves or wizards who can only live for millennia or less are simply hard for him to take seriously
> The name Bombadillo comes fromt he legendarium of [J.R.R. Tolkien], specifically The Lord of the Rings. [Tom Bombadil], who was a jolly fellow, is a mysterious figure. A seemingly simple character that speaks in rhymed meter and lives in the woods, Tom is master of his domain and is in his way quite powerful.