Crossfire Ministries

The information on this page was last updated 3/14/2023. If you see errors or omissions, please email: [email protected]


Summary

Crossfire exists to show the love of God to folks in tight places by providing no-cost groceries, clothing and care.


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: Debbie O'Toole

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 has pioneered no-cost grocery shopping for fresh produce, frozen meats, bread, dairy and canned goods so you can prepare your meals your way. Be our guest for food, community and care.


Mission statement

Crossfire's Biblical mandate is to feed the hungry, clothe the naked, take care of widows and orphans (these are single moms 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.


Statement of faith

Donor confidence score

Show donor confidence score details

Transparency grade

A

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Community Development

CategoryRatingOverall rankSector rank
Overall efficiency rating285 of 111034 of 121
Fund acquisition rating208 of 111119 of 121
Resource allocation rating128 of 111129 of 121
Asset utilization rating884 of 111090 of 121

Financial ratios

Funding ratiosSector median20222021202020192018
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
7%1%0%0%0%0%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
5%1%0%0%0%0%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
92%72%98%95%98%99%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
6%2%0%0%0%0%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
8%28%2%5%2%1%
 
Operating ratiosSector median20222021202020192018
Program expense ratio Program expense ratio =
Program services /
Total expenses
82%93%89%95%97%98%
Spending ratio Spending ratio =
Total expenses /
Total revenue
97%66%81%82%95%101%
Program output ratio Program output ratio =
Program services /
Total revenue
77%61%72%79%92%99%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
3%34%19%18%5%-1%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
3%38%20%43%16%-3%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
11%6%11%4%3%2%
 
Investing ratiosSector median20222021202020192018
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.860.740.561.092.724.91
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.763.674.071.981.681.76
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.792.722.262.164.588.63
 
Liquidity ratiosSector median20222021202020192018
Current ratio Current ratio =
Total current assets /
Total current liabilities
13.9244.6713.38137.66249.45227.71
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.070.020.070.010.000.00
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
6.044.324.915.522.611.39
 
Solvency ratiosSector median20222021202020192018
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
10%1%34%46%6%1%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%32%46%6%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
100%134%119%49%34%20%

Financials

Balance sheet
 
Assets20222021202020192018
Cash$350,585$438,858$1,552,050$604,691$498,833
Receivables, inventories, prepaids$586,132$430,952$309,552$241,198$148,079
Short-term investments$896,384$693,988$402,439$0$0
Other current assets$0$0$0$0$0
Total current assets$1,833,101$1,563,798$2,264,041$845,889$646,912
Long-term investments$0$0$0$0$0
Fixed assets$4,900,713$4,796,335$2,137,615$556,018$463,315
Other long-term assets$0$0$73,968$22,246$26,408
Total long-term assets$4,900,713$4,796,335$2,211,583$578,264$489,723
Total assets$6,733,814$6,360,133$4,475,624$1,424,153$1,136,635
 
Liabilities20222021202020192018
Payables and accrued expenses$41,036$116,887$16,447$3,391$2,841
Other current liabilities$0$0$0$0$0
Total current liabilities$41,036$116,887$16,447$3,391$2,841
Debt$0$2,023,470$2,053,254$80,337$0
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$0$0$0$6,254$3,634
Total long-term liabilities$0$2,023,470$2,053,254$86,591$3,634
Total liabilities$41,036$2,140,357$2,069,701$89,982$6,475
 
Net assets20222021202020192018
Without donor restrictions$6,541,179$4,219,776$2,405,923$1,154,696$945,297
With donor restrictions$151,599$0$0$179,475$184,863
Net assets$6,692,778$4,219,776$2,405,923$1,334,171$1,130,160
 
Revenues and expenses
 
Revenue20222021202020192018
Total contributions$5,456,203$4,292,862$5,623,437$4,002,700$5,510,954
Program service revenue$0$0$0$32$24
Membership dues$0$0$0$0$0
Investment income$2,520($8,603)$256,374$35,295($13,181)
Other revenue$2,096,213$91,696$47,359$42,517$46,457
Total other revenue$2,098,733$83,093$303,733$77,844$33,300
Total revenue$7,554,936$4,375,955$5,927,170$4,080,544$5,544,254
 
Expenses20222021202020192018
Program services$4,618,473$3,142,108$4,659,438$3,757,123$5,471,237
Management and general$284,501$382,059$210,400$115,121$107,255
Fundraising$76,965$9,720$15,321$1,380$1,744
Total expenses$4,979,939$3,533,887$4,885,159$3,873,624$5,580,236
 
Change in net assets20222021202020192018
Surplus (deficit)$2,574,997$842,068$1,042,011$206,920($35,982)
Other changes in net assets$0$0$0$0$0
Total change in net assets$2,574,997$842,068$1,042,011$206,920($35,982)

Compensation

NameTitleCompensation
Renee BeebeExecutive Director$90,790

Compensation data as of: 12/31/2022


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 3/14/2023. 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.


Needs