Second Impressions
Second Impressions maintains strong financial health with growing assets and minimal liabilities.
EIN: 10738748 · Kalamazoo, MI · NTEE: P29 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $915K |
| Total Expenses | $829K |
| Program Spending | 85% |
| Net Assets | $1.3M |
| Transparency Score | 90/100 |
Is Second Impressions Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Second Impressions directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Second Impressions
Second Impressions (EIN: 10738748) is a nonprofit organization based in Kalamazoo, MI, classified under NTEE code P29. The organization reported total revenue of $915K and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Second Impressions's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Second Impressions is a small nonprofit that has been operating for 24 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $929K |
| Total Expenses | $829K |
| Surplus / Deficit | +$100K |
| Total Assets | $1.3M |
| Total Liabilities | $4K |
| Net Assets | $1.3M |
| Operating Margin | 10.7% |
| Debt-to-Asset Ratio | 0.3% |
| Months of Reserves | 19.0 months |
Financial Health Grade: A
In 2023, Second Impressions reported a surplus of $100K with revenue exceeding expenses, holds 19.0 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), Second Impressions's revenue has grown at a compound annual growth rate (CAGR) of 1.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1.9% | +12.1% | +6.1% |
| 2022 | +30.9% | -0.3% | +10.1% |
| 2021 | +18.9% | +28.1% | -5.4% |
| 2020 | -21.2% | -18.9% | -2.2% |
| 2019 | +3.3% | -2.3% | -3.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2002 |
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 Second Impressions with a Mission Score of 90 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Second Impressions allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $100K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.3%.
Executive Compensation Analysis
Second Impressions reports 0% officer compensation across all available filings, indicating that no salaries or benefits are paid to its officers, which is a strong positive for resource allocation and transparency.
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.
Strengths
The following positive indicators were identified for Second Impressions:
- Consistent operating surpluses: In 202308, revenue ($929,038) exceeded expenses ($829,404) by over $99,000.
- Strong asset growth: Assets increased from $1,123,992 in 202108 to $1,312,968 in 202308.
- Significantly reduced liabilities: Liabilities decreased from $303,439 in 201408 to just $3,640 in 202308.
- Zero officer compensation: No officer compensation reported across all filings, indicating efficient use of funds.
- Stable revenue generation: Revenue has consistently been above $585,000, reaching $929,038 in the latest period.
Frequently Asked Questions about Second Impressions
Is Second Impressions a legitimate charity?
Based on AI analysis of IRS 990 filings, Second Impressions (EIN: 10738748) appears legitimate. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
How does Second Impressions spend its money?
Second Impressions directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Second Impressions tax-deductible?
Second Impressions is registered as a tax-exempt nonprofit (EIN: 10738748). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Second Impressions's spending goes to programs?
Second Impressions directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Second Impressions compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Second Impressions is above average for NTEE category P29 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Second Impressions located?
Second Impressions is headquartered in Kalamazoo, Michigan and files with the IRS under EIN 10738748. It is classified under NTEE code P29.
How many years of IRS 990 filings does Second Impressions have?
Second Impressions 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 $915K in total revenue.
Is Second Impressions a good charity?
Based on the provided financial data, Second Impressions appears to be a well-managed and financially healthy charity. They consistently generate surpluses, have growing assets, and remarkably report 0% officer compensation, indicating efficient use of funds.
How has Second Impressions' financial health changed over time?
Second Impressions has shown consistent financial improvement. Revenue has generally increased, assets have grown from $1,275,901 in 201408 to $1,312,968 in 202308, and liabilities have drastically reduced from $303,439 to $3,640 over the same period, indicating enhanced stability and solvency.
What is Second Impressions' approach to executive compensation?
Second Impressions reports 0% officer compensation in all available filings, suggesting that its leadership serves without direct financial compensation from the organization, which is a highly positive indicator for donor trust and resource allocation.
Filing History
IRS 990 filing history for Second Impressions showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Second Impressions's revenue has grown by 13.9%, moving from $816K to $929K. Total assets increased by 7.8% over the same period, from $1.2M to $1.3M. Total functional expenses fell by 7.4%, from $896K to $829K. In its most recent filing year (2023), Second Impressions reported a surplus of $100K, with revenue exceeding expenses. The organization holds $4K in liabilities against $1.3M in assets (debt-to-asset ratio: 0.3%), resulting in net assets of $1.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $929K | $829K | $1.3M | $4K | — | View 990 |
| 2022 | $912K | $740K | $1.2M | $27K | — | View 990 |
| 2021 | $697K | $742K | $1.1M | $87K | — | View 990 |
| 2020 | $586K | $579K | $1.2M | $106K | — | View 990 |
| 2019 | $744K | $714K | $1.2M | $139K | — | View 990 |
| 2018 | $720K | $730K | $1.3M | $207K | — | View 990 |
| 2017 | $701K | $682K | $1.3M | $210K | — | View 990 |
| 2016 | $707K | $669K | $1.3M | $239K | — | View 990 |
| 2015 | $743K | $685K | $1.3M | $261K | — | View 990 |
| 2014 | $718K | $794K | $1.3M | $303K | — | View 990 |
| 2013 | $911K | $736K | $1.4M | $325K | — | View 990 |
| 2012 | $817K | $701K | $1.2M | $355K | — | View 990 |
| 2011 | $816K | $896K | $1.2M | $450K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $929K, expenses of $829K, and assets of $1.3M (revenue +1.9% year-over-year).
- 2022: Revenue of $912K, expenses of $740K, and assets of $1.2M (revenue +30.9% year-over-year).
- 2021: Revenue of $697K, expenses of $742K, and assets of $1.1M (revenue +18.9% year-over-year).
- 2020: Revenue of $586K, expenses of $579K, and assets of $1.2M (revenue -21.2% year-over-year).
- 2019: Revenue of $744K, expenses of $714K, and assets of $1.2M (revenue +3.3% year-over-year).
- 2018: Revenue of $720K, expenses of $730K, and assets of $1.3M (revenue +2.8% year-over-year).
- 2017: Revenue of $701K, expenses of $682K, and assets of $1.3M (revenue -0.9% year-over-year).
- 2016: Revenue of $707K, expenses of $669K, and assets of $1.3M (revenue -4.8% year-over-year).
- 2015: Revenue of $743K, expenses of $685K, and assets of $1.3M (revenue +3.5% year-over-year).
- 2014: Revenue of $718K, expenses of $794K, and assets of $1.3M (revenue -21.2% year-over-year).
- 2013: Revenue of $911K, expenses of $736K, and assets of $1.4M (revenue +11.5% year-over-year).
- 2012: Revenue of $817K, expenses of $701K, and assets of $1.2M (revenue +0.2% year-over-year).
- 2011: Revenue of $816K, expenses of $896K, and assets of $1.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Second Impressions:
Data Sources and Methodology
This transparency report for Second Impressions 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.