Industry Analysis & Industry Trends
Unpopular belief
Slowing participation numbers and donations, increased skepticism among younger generations and new religions brought stateside by immigrants are trends that will likely occur in the next several years. Despite lower church attendance, revenue will experience slow growth as higher disposable incomes allow individuals to make more donations... purchase to read more
Industry Report - Industry Investment Chapter
Religious organizations provide labor-intensive services with wages making up the largest percentage of expenses. Most religious organizations have between three to four employees, while larger organizations can have 20 or more employees. Employees are needed for conducting religious services, offering spiritual guidance, providing music, organizing events, and providing maintenance and administrative functions. Many religious organizations also rely on volunteer labor to reduce wage costs. However, while labor costs are high, this industry also requires considerable capital investments. Industry operators need facilities and buildings to hold worship services. In addition, many religious organizations also require computers, printers and other communications equipment... purchase to read more