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 - 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. As a result, there are generally low barriers to creating a religious organization.
Religious organizations must have access to funding to build or rent the house of worship, which can require significant capital investments. However, new entrants also have the option to rent rooms from schools, libraries and other religious establishments... purchase to read more