Revenue has risen: Improving economic conditions in Illinois has kept revenue growing

The Religious Organizations industry in Illinois has experienced its share of ups and downs in recent years. While revenue has been growing religious organizations have had to contend with an extended fallout from the recession, which not only dampened donations (their primary source of revenue) but also stretched their resources thin, as many organizations worked to help their struggling members. Improving per capita disposable income, largely due to falling unemployment rates in Illinois, has helped to sustain donations from members. However, increasing education levels and changing socioeconomic views have made it difficult for many religious organizations to expand their membership...purchase to read more.

Industry Statistics & Market Size
Revenue
$5bn
Annual Growth 12-17
2.8%
Forecast Growth 17-22
Profit
Employment
69,656
Businesses
7,306

Industry Threats & Opportunities

  • Increasing education levels and changing socioeconomic views have made it difficult for many religious organizations
  • Religious organizations often play an important social role in rural and suburban areas
  • Further declines in unemployment will help to boost disposable income
  • Industry Report - Starting a New Business Chapter

    The Religious Organizations industry in Illinois encompasses many different religious and spiritual organizations. Nearly all industry establishments are independently run, but follow the broad teachings of a religious denomination. Religious establishments can be formed simply by the coordination of like-minded individuals, as minimal resources are required. As a result, this industry is characterized by low barriers to entry.While religious organizations require space to conduct worship, meetings and events, new entrants have the option to rent rooms from schools, libraries and other religious establishments. Many small organizations begin by offering religious services to small congregations at a shared facility. As ...purchase to read more.

    Additional Insights for the Religious Organizations in Illinois Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Religious Organizations in Illinois Industry are

  • Effective cost management
  • Having a good reputation
  • Strong leadership
  • IBISWorld analysts also discuss how external factors such as Per Capita Disposable Income in Illinois and Number of households in the Religious Organizations in Illinois industry impact industry performance..

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    What's in this report

    What is the Religious Organizations in Illinois 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.

    Industry Products
  • Catholic worship services
  • Evangelical Protestant worship services
  • Mainline Protestant worship services
  • Historically Black Protestant worship services
  • Other faiths' worship services
  • Other Christian worship services
  • Jewish worship services
  • Muslim worship services
  • Industry Activities
  • Bible society operation
  • Church operation
  • Missionary society operation
  • Monastery operation (except schools)
  • Mosque operation
  • Synagogue operation
  • Temple operation
  • Religious shrines operation
  • Convents (except schools) operation
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Per Capita Disposable Income in Illinois
  • Number of households
  • Number of immigrants
  • Time spent on leisure and sports
  • Number of college students in Illinois

  • Current Performance
  • Concentration
  • Religiosity waning
  • Chart: Revenue Growth

  • Industry Outlook
  • Growing economy aids operators
  • Changing demographics
  • Table: Religious Organizations in Illinois Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Religious Organizations in Illinois Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Consumers

  • Key Selling Industries
  • Book Publishing
  • Caterers
  • Internet Service Providers
  • Land Leasing
  • Magazine & Periodical Publishing
  • Radio Broadcasting

  • Products & Services
  • Catholic worship services
  • Evangelical Protestant worship services
  • Mainline Protestant worship services
  • Historically Black Protestant worship services
  • Other faiths' worship services
  • Other Christian worship services
  • Jewish worship services
  • Muslim worship services
  • Chart: Religious Organizations in Illinois Industry Products and Services Segmentation

  • Major Markets
  • Generation X
  • Boomer generation
  • Silent generation
  • Millennial generation
  • Chart: Major Market Segmentation for the Religious Organizations in Illinois Industry

  • Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Wages
  • Purchases
  • Rent and utilities
  • Marketing
  • Other expenses
  • Chart: Cost Structure Benchmarking – Sector vs Religious Organizations in Illinois

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Religious Organizations in Illinois Industry

  • The Catholic Church, The Evangelical Church, The Mainline Protestant Church, Historically Black Churches,
  • Table: The Catholic Church - financial performance
  • Table: The Evangelical Church - financial performance
  • Table: The Mainline Protestant Church - financial performance
  • Table: Historically Black Churches - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Religious Organizations in Illinois Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Religious Organizations in Illinois Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Per Capita Disposable Income in Illinois (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Agnostic
  • A person who maintains a continuing doubt about the existence of God or any ultimate being.
  • Atheist
  • A person who does not believe in the existence of God or any other deity.
  • Congregation
  • An assembly of people with similar religious beliefs who join together for worship and other religious activities
  • Megachurch
  • Any Protestant organization that boasts an average weekly attendance of 2000 congregation members or more. Most megachurches hold services multiple times throughout the week.
  • Mosque
  • A Muslim organization that regularly holds Friday prayers and manages other worship services and activities.
  • Pledge
  • A religious organization member's promise to donate a certain amount of money to the organization at a later predetermined time.
  • Tithing
  • Literally means 'a tenth', but used here to refer to any congregation member's pledge to donate about 10.0% of his/her income to a religious organization on a regular basis.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s industry research report on Religious Organizations in Illinois contains five-year forecasts and data analysis that can help you identify and mitigate risks in potential new markets. Position yourself as an expert with internal stakeholders by using our comprehensive industry research to inform your reports, proposals and presentations. Our business information will save you money by helping you make better decisions, faster.

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    This report on Religious Organizations in Illinois:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Religious Organizations in Illinois market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Religious Organizations in Illinois, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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