Springs Rescue Mission 
The information on this page was last updated 7/3/2025. If you see errors or omissions, please email: [email protected]
Summary
While we seek to meet the immediate needs of our homeless neighbors, our ultimate goal is to provide the support and tools necessary to create lasting change. Sometimes, with some patience, faith, and a lot of love, we see lives completely transformed.
Contact information
Mailing address:
Springs Rescue Mission
5 W Las Vegas Street
Colorado Springs, CO 80903
Website: springsrescuemission.org
Phone: (719)632-1822
Email: [email protected]
Organization details
EIN: 841340824
CEO/President: Jack Briggs
Chairman: Allison Murray
Board size: 11
Founder: Paul & Marilyn Vyzourek
Ruling year: 1996
Tax deductible: Yes
Fiscal year end: 06/30
Member of ECFA: Yes
Member of ECFA since: 2005
Purpose
It is our commitment to meet our guests as they are; providing life-changing services and offering a welcoming and safe environment for transformation.
We want to see lives transformed for eternity and filled with hope as our community works together to fight homelessness, poverty and addiction.
Mission statement
Because of our love for and obedience to God, our mission is to mobilize the community to provide Housing, Health and Work services.
Statement of faith
Springs Rescue Mission uses the Nicene Creed as its statement of faith:
We believe in one God,
the Father, the Almighty,
maker of heaven and earth,
of all that is seen and unseen.
We believe in one Lord, Jesus Christ,
the only Son of God,
eternally begotten of the Father,
God from God, Light from Light,
true God from true God,
begotten, not made, one in Being with the Father.
Through him all things were made.
For us men and for our salvation
he came down from heaven:
by the power of the Holy Spirit
he was born of the Virgin Mary, and became man.
For our sake he was crucified under Pontius Pilate,
he suffered, died, and was buried.
On the third day he rose again
in fulfillment of the Scriptures;
he ascended into heaven
and is seated at the right hand of the Father.
He will come again in glory to judge the living and the dead,
and his kingdom will have no end.
We believe in the Holy Spirit, the Lord, the giver of life,
who proceeds from the Father and the Son.
With the Father and the Son he is worshiped and glorified.
He has spoken through the Prophets.
We believe in one holy catholic and apostolic Church.
We acknowledge one baptism for the forgiveness of sins.
We look for the resurrection of the dead
and the life of the world to come. Amen.
Donor confidence score
Transparency grade
A
To understand our transparency grade, click here.
Financial efficiency ratings
Sector: Rescue Missions/Homeless Shelters
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 70 of 1134 | 11 of 139 |
| Fund acquisition rating | | 550 of 1134 | 65 of 139 |
| Resource allocation rating | | 2 of 1134 | 1 of 139 |
| Asset utilization rating | | 58 of 1134 | 6 of 139 |
According to the organization's Form 990, it received $2,809,976 in government grants in 2024.
Financial ratios
| Funding ratios | Sector median | 2024 | 2023 | 2022 | 2021 | 2020 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 12% | 11% | 13% | 10% | 8% | 7% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 10% | 11% | 12% | 10% | 7% | 7% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 92% | 93% | 93% | 95% | 95% | 96% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 11% | 5% | 12% | 11% | 10% | 9% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 8% | 7% | 7% | 5% | 5% | 4% |
| Operating ratios | Sector median | 2024 | 2023 | 2022 | 2021 | 2020 |
Program expense ratio Program expense ratio = Program services / Total expenses | 80% | 92% | 83% | 80% | 77% | 80% |
Spending ratio Spending ratio = Total expenses / Total revenue | 96% | 205% | 104% | 88% | 73% | 76% |
Program output ratio Program output ratio = Program services / Total revenue | 75% | 187% | 86% | 70% | 56% | 61% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 4% | -105% | -4% | 12% | 27% | 24% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 3% | -282% | -3% | 8% | 20% | 22% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 9% | 3% | 5% | 9% | 13% | 11% |
| Investing ratios | Sector median | 2024 | 2023 | 2022 | 2021 | 2020 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 0.53 | 3.38 | 0.49 | 0.44 | 0.41 | 0.50 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 3.02 | 1.75 | 5.28 | 5.03 | 6.88 | 6.83 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 1.84 | 5.94 | 2.58 | 2.22 | 2.80 | 3.40 |
| Liquidity ratios | Sector median | 2024 | 2023 | 2022 | 2021 | 2020 |
Current ratio Current ratio = Total current assets / Total current liabilities | 13.28 | 5.82 | 5.45 | 6.15 | 3.29 | 3.13 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.07 | 0.17 | 0.18 | 0.16 | 0.30 | 0.32 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 5.62 | 1.67 | 3.79 | 4.53 | 2.98 | 2.40 |
| Solvency ratios | Sector median | 2024 | 2023 | 2022 | 2021 | 2020 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 9% | 39% | 24% | 24% | 24% | 29% |
Debt ratio Debt ratio = Debt / Total assets | 0% | 27% | 20% | 21% | 20% | 24% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 156% | 18% | 155% | 173% | 186% | 143% |
Financials
| Balance sheet | |||||
| Assets | 2024 | 2023 | 2022 | 2021 | 2020 |
| Cash | $5,007,640 | $5,200,817 | $5,661,451 | $3,177,867 | $3,231,909 |
| Receivables, inventories, prepaids | $746,218 | $720,303 | $693,082 | $1,121,703 | $444,634 |
| Short-term investments | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $5,753,858 | $5,921,120 | $6,354,533 | $4,299,570 | $3,676,543 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 |
| Fixed assets | $988,650 | $22,119,216 | $22,428,466 | $22,129,255 | $18,258,715 |
| Other long-term assets | $3,354,537 | $3,229,069 | $3,204,065 | $3,166,475 | $3,166,475 |
| Total long-term assets | $4,343,187 | $25,348,285 | $25,632,531 | $25,295,730 | $21,425,190 |
| Total assets | $10,097,045 | $31,269,405 | $31,987,064 | $29,595,300 | $25,101,733 |
| Liabilities | 2024 | 2023 | 2022 | 2021 | 2020 |
| Payables and accrued expenses | $889,803 | $779,248 | $829,831 | $1,206,632 | $1,076,571 |
| Other current liabilities | $98,879 | $307,762 | $202,623 | $98,879 | $98,879 |
| Total current liabilities | $988,682 | $1,087,010 | $1,032,454 | $1,305,511 | $1,175,450 |
| Debt | $2,770,457 | $6,392,961 | $6,574,785 | $5,845,525 | $5,984,621 |
| Due to (from) affiliates | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $139,374 | $125,601 | $80,745 | $80,745 | $76,843 |
| Total long-term liabilities | $2,909,831 | $6,518,562 | $6,655,530 | $5,926,270 | $6,061,464 |
| Total liabilities | $3,898,513 | $7,605,572 | $7,687,984 | $7,231,781 | $7,236,914 |
| Net assets | 2024 | 2023 | 2022 | 2021 | 2020 |
| Without donor restrictions | $6,125,716 | $22,715,787 | $22,769,556 | $21,503,659 | $14,924,642 |
| With donor restrictions | $72,816 | $948,046 | $1,529,524 | $859,860 | $2,940,177 |
| Net assets | $6,198,532 | $23,663,833 | $24,299,080 | $22,363,519 | $17,864,819 |
| Revenues and expenses | |||||
| Revenue | 2024 | 2023 | 2022 | 2021 | 2020 |
| Total contributions | $15,558,340 | $13,691,332 | $15,223,417 | $15,759,301 | $15,863,474 |
| Program service revenue | $695,669 | $714,033 | $661,896 | $596,650 | $518,007 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | $256,372 | $120,847 | $25,580 | $34,041 | $3,372 |
| Other revenue | $197,840 | $133,286 | $109,635 | $158,445 | $80,657 |
| Total other revenue | $1,149,881 | $968,166 | $797,111 | $789,136 | $602,036 |
| Total revenue | $16,708,221 | $14,659,498 | $16,020,528 | $16,548,437 | $16,465,510 |
| Expenses | 2024 | 2023 | 2022 | 2021 | 2020 |
| Program services | $31,288,582 | $12,675,977 | $11,269,277 | $9,308,792 | $10,021,882 |
| Management and general | $1,106,338 | $840,003 | $1,268,895 | $1,524,885 | $1,361,886 |
| Fundraising | $1,778,602 | $1,778,765 | $1,546,795 | $1,216,060 | $1,115,697 |
| Total expenses | $34,173,522 | $15,294,745 | $14,084,967 | $12,049,737 | $12,499,465 |
| Change in net assets | 2024 | 2023 | 2022 | 2021 | 2020 |
| Surplus (deficit) | ($17,465,301) | ($635,247) | $1,935,561 | $4,498,700 | $3,966,045 |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | ($17,465,301) | ($635,247) | $1,935,561 | $4,498,700 | $3,966,045 |
Compensation
| Name | Title | Compensation |
| Jack Briggs | CEO | $215,808 |
| Terry Anderson | COO | $173,658 |
| Travis Williams | Chief Development Officer | $172,303 |
| Jeff Cook | Chief Programs Officer | $149,294 |
| Anissa Jones | CHRO | $131,251 |
| Keith Schumacher | CFO | $130,801 |
Compensation data as of: 6/30/2024
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 7/3/2025. To update the information below, please email: [email protected]
History
In 1995, God filled Paul and Marilyn Vyzourek with a desire to serve the poor, hungry and homeless neighbors of Colorado Springs. In 1996, their ministry grew into a small, one-room food pantry - and Springs Rescue Mission was born.
For years, the small nonprofit focused on feeding the hungry. But in 2013, God made a way for SRM to open a small winter shelter with room for 37 men and women. It started with a meal and quickly became a movement of hope that would change how our community helps those in need.
The "Community of Hope" capital campaign was launched to fulfill a God-given dream of creating an extensive homeless resource campus in Colorado Springs. We envisioned it as a place where neighbors struggling with homelessness, hunger, poverty, addiction or food insecurity could come to address their legitimate need for housing, health and work.
In just five short years, our city and supporters have helped us raise $16 million to create a Campus of Hope. Donor support has created some of the nation's most innovative programs and built facilities that are transforming lives.