Losing faith: Renewed incomes will boost donations, but attendance will continue to drop
IBISWorld’s Religious Organizations market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.
Industry Statistics & Market Size
Annual Growth 09-14
Annual Growth 14-19
Industry Analysis & Industry Trends
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. For every dollar spent on wages, industry operators are expected to spend 16.8 cents on capital investments in 2014. 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, producing music and other faith-based entertainment, organizing events, and completing general maintenance and administrative functions. Almost all religious organizations also rely on volunteer labor to reduce wage costs... purchase to read more
What is the Religious Organizations Industry?
This industry consists of religious organizations that provide religious worship or promote religious activities for both organized religions and smaller faiths that are not recognized in mainstream religious teaching. Establishments include churches, temples, mosques, synagogues and other houses of worship, as well as convents, monasteries and religiously-affiliated community centers. This industry does not include schools and hospitals operated by religious organizations.
Evangelical Christian worship servicesRoman Catholic worship servicesMainline Protestant worship servicesHistorically Black ChurchesOther Christian worship servicesJewish worship servicesMuslim worship servicesOther faiths' worship services
Bible society operation Church operation Missionary society operationMonastery operation (except schools)Mosque operation Synagogue operationTemple operationReligious shrines operationConvents (except schools) operation