Crossfire Ministries 
The information on this page was last updated 7/26/2024. If you see errors or omissions, please email: [email protected]
Summary
The good that Crossfire does in Colorado Springs is good that springs from a desire to serve people the way Jesus taught. He was clear with his earliest followers: food, clothing, care and community are the Matthew 25 values that would mark his followers for millennia. Matthew 25:31-46 spells it out.
It's that kind of service Crossfire brings to our neighbors. It's the kind of service our volunteers labor to represent. And it's the kind of loving service we desire our guests to experience.
Contact information
Mailing address:
Crossfire Ministries
3975 N. Academy Blvd
Colorado Springs, CO 80917
Website: crossfireministries.org
Phone: 719-447-1806
Email: [email protected]
Organization details
EIN: 841295381
CEO/President: Renee Beebe
Chairman: Joel Malick
Board size: 7
Founder: John Miller / Leslie Miller
Ruling year: 1995
Tax deductible: Yes
Fiscal year end: 12/31
Member of ECFA: Yes
Member of ECFA since: 2013
Purpose
Crossfire's Biblical mandate is to feed the hungry, clothe the naked, take care of widows and orphans (these are single moms and kids, single dads and kids, also grandparents taking care of grandchildren). We are dedicated to showing God's love, providing hope and encouragement by providing daily necessities to anyone in need.
Mission statement
Crossfire exists to show the love of God to folks in tight places by providing no-cost groceries, clothing and care
Statement of faith
Donor confidence score
Transparency grade
A
To understand our transparency grade, click here.
Financial efficiency ratings
Sector: Community Development
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 81 of 1118 | 13 of 122 |
| Fund acquisition rating | | 82 of 1119 | 6 of 122 |
| Resource allocation rating | | 72 of 1119 | 15 of 122 |
| Asset utilization rating | | 520 of 1118 | 58 of 122 |
Financial ratios
| Funding ratios | Sector median | 2023 | 2022 | 2021 | 2020 | 2019 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 8% | 1% | 1% | 0% | 0% | 0% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 5% | 1% | 1% | 0% | 0% | 0% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 93% | 100% | 72% | 98% | 95% | 98% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 6% | 1% | 2% | 0% | 0% | 0% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 7% | 0% | 28% | 2% | 5% | 2% |
| Operating ratios | Sector median | 2023 | 2022 | 2021 | 2020 | 2019 |
Program expense ratio Program expense ratio = Program services / Total expenses | 82% | 94% | 93% | 89% | 95% | 97% |
Spending ratio Spending ratio = Total expenses / Total revenue | 98% | 91% | 66% | 81% | 82% | 95% |
Program output ratio Program output ratio = Program services / Total revenue | 81% | 86% | 61% | 72% | 79% | 92% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 2% | 9% | 34% | 19% | 18% | 5% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 2% | 10% | 38% | 20% | 43% | 16% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 11% | 5% | 6% | 11% | 4% | 3% |
| Investing ratios | Sector median | 2023 | 2022 | 2021 | 2020 | 2019 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 0.88 | 0.96 | 0.74 | 0.56 | 1.09 | 2.72 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 1.76 | 2.83 | 3.67 | 4.07 | 1.98 | 1.68 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 1.77 | 2.71 | 2.72 | 2.26 | 2.16 | 4.58 |
| Liquidity ratios | Sector median | 2023 | 2022 | 2021 | 2020 | 2019 |
Current ratio Current ratio = Total current assets / Total current liabilities | 15.15 | 119.65 | 44.67 | 13.38 | 137.66 | 249.45 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.07 | 0.01 | 0.02 | 0.07 | 0.01 | 0.00 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 5.99 | 4.38 | 4.32 | 4.91 | 5.52 | 2.61 |
| Solvency ratios | Sector median | 2023 | 2022 | 2021 | 2020 | 2019 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 10% | 0% | 1% | 34% | 46% | 6% |
Debt ratio Debt ratio = Debt / Total assets | 0% | 0% | 0% | 32% | 46% | 6% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 98% | 104% | 134% | 119% | 49% | 34% |
Financials
| Balance sheet | |||||
| Assets | 2023 | 2022 | 2021 | 2020 | 2019 |
| Cash | $452,435 | $350,585 | $438,858 | $1,552,050 | $604,691 |
| Receivables, inventories, prepaids | $880,308 | $586,132 | $430,952 | $309,552 | $241,198 |
| Short-term investments | $1,321,944 | $896,384 | $693,988 | $402,439 | $0 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $2,654,687 | $1,833,101 | $1,563,798 | $2,264,041 | $845,889 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 |
| Fixed assets | $4,846,113 | $4,900,713 | $4,796,335 | $2,137,615 | $556,018 |
| Other long-term assets | $0 | $0 | $0 | $73,968 | $22,246 |
| Total long-term assets | $4,846,113 | $4,900,713 | $4,796,335 | $2,211,583 | $578,264 |
| Total assets | $7,500,800 | $6,733,814 | $6,360,133 | $4,475,624 | $1,424,153 |
| Liabilities | 2023 | 2022 | 2021 | 2020 | 2019 |
| Payables and accrued expenses | $22,187 | $41,036 | $116,887 | $16,447 | $3,391 |
| Other current liabilities | $0 | $0 | $0 | $0 | $0 |
| Total current liabilities | $22,187 | $41,036 | $116,887 | $16,447 | $3,391 |
| Debt | $0 | $0 | $2,023,470 | $2,053,254 | $80,337 |
| Due to (from) affiliates | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $0 | $0 | $0 | $0 | $6,254 |
| Total long-term liabilities | $0 | $0 | $2,023,470 | $2,053,254 | $86,591 |
| Total liabilities | $22,187 | $41,036 | $2,140,357 | $2,069,701 | $89,982 |
| Net assets | 2023 | 2022 | 2021 | 2020 | 2019 |
| Without donor restrictions | $7,416,995 | $6,541,179 | $4,219,776 | $2,405,923 | $1,154,696 |
| With donor restrictions | $61,618 | $151,599 | $0 | $0 | $179,475 |
| Net assets | $7,478,613 | $6,692,778 | $4,219,776 | $2,405,923 | $1,334,171 |
| Revenues and expenses | |||||
| Revenue | 2023 | 2022 | 2021 | 2020 | 2019 |
| Total contributions | $7,884,389 | $5,456,203 | $4,292,862 | $5,623,437 | $4,002,700 |
| Program service revenue | $0 | $0 | $0 | $0 | $32 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | $23,292 | $2,520 | ($8,603) | $256,374 | $35,295 |
| Other revenue | $9,352 | $2,096,213 | $91,696 | $47,359 | $42,517 |
| Total other revenue | $32,644 | $2,098,733 | $83,093 | $303,733 | $77,844 |
| Total revenue | $7,917,033 | $7,554,936 | $4,375,955 | $5,927,170 | $4,080,544 |
| Expenses | 2023 | 2022 | 2021 | 2020 | 2019 |
| Program services | $6,807,103 | $4,618,473 | $3,142,108 | $4,659,438 | $3,757,123 |
| Management and general | $350,968 | $284,501 | $382,059 | $210,400 | $115,121 |
| Fundraising | $46,992 | $76,965 | $9,720 | $15,321 | $1,380 |
| Total expenses | $7,205,063 | $4,979,939 | $3,533,887 | $4,885,159 | $3,873,624 |
| Change in net assets | 2023 | 2022 | 2021 | 2020 | 2019 |
| Surplus (deficit) | $711,970 | $2,574,997 | $842,068 | $1,042,011 | $206,920 |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | $711,970 | $2,574,997 | $842,068 | $1,042,011 | $206,920 |
Compensation
| Name | Title | Compensation |
| Renee Beebe | Executive Director | $80,472 |
Compensation data as of: 12/31/2023
Response from ministry
No response has been provided by this ministry.
The information below was provided to MinistryWatch by the ministry itself. It was last updated 7/26/2024. To update the information below, please email: [email protected]
History
Program accomplishments
Crossfire, in 2021, provided approximately 60,430 services, which included giving away food and clothes. Crossfire did this with a volunteer staff adding up to 49,500 volunteer hours. We currently serve approximately 250 families per day.