Industry Analysis & Industry Trends
Over the past five years, the industry suffered setbacks as people's religious beliefs weakened. Slowing participation numbers and donations, increased skepticism among younger generations and new religions brought stateside by immigrants are trends that will likely continue to occur over the next five 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 - Starting a New Business Chapter
This industry encompasses many different religious and spiritual organizations. Unlike other industries, each industry establishment is generally independently run, but follows the broad teachings of a religious denomination. Religious establishments can be formed simply by the coordination of like-minded individuals, as minimal facilities are required. New religious groups can organize regular programs and events that invite nonmembers from the community and introduce them to members of the congregation, which can quickly increase the organization's membership. As a result, this industry is characterized by low barriers to entry.
Religious organizations must have access to funding to build or rent a house of worship, which can require significant capital investments... purchase to read more