High praises: Industry demand will continue to rise in line with macroeconomic and demographic trends

The Religious Organizations industry in Massachusetts consists of churches, synagogues, mosques and all other houses of worship and religiously affiliated community centers. These establishments promote religious activities and events and provide a space for religious worship; this excludes religiously affiliated or operated hospitals and schools. The revenue stream for religious organizations is unique in that it primarily comes from individual, foundation and corporate donations. In fact, in Massachusetts, nearly 75.0% of industry revenue comes from donations from individual congregants. As a result, industry demand is highly dependent on trends in disposable income in Massachusetts and the number of people visiting industry establishments...purchase to read more.

Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 13-18
2.3%
Forecast Growth 18-23
Profit
Employment
27,069
Businesses
3,016

Industry Threats & Opportunities

  • The allocation of industry revenue is significantly affected by the number of immigrants
  • Industry Report - Industry Investment Chapter

    ***This section is not used for US State reports***...purchase to read more.

    Additional Insights for the Religious Organizations in Massachusetts Industry

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

  • Effective cost management
  • Having a good reputation
  • Strong leadership
  • IBISWorld analysts also discuss how external factors such as Number of adults aged 65 and older in Massachusetts and Per capita disposable income in Massachusetts in the Religious Organizations in Massachusetts industry impact industry performance..

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    What's in this report

    What is the Religious Organizations in Massachusetts 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
  • Mainline Protestant
  • Evangelical Protestant
  • Historically Black Protestant
  • Catholic
  • Other Christian
  • Jewish
  • Mormon
  • 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
  • Number of adults aged 65 and older in Massachusetts
  • Per capita disposable income in Massachusetts
  • Population of Massachusetts
  • Number of immigrants

  • Current Performance
    Industry Outlook
    Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Religious Organizations in Massachusetts 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
  • Mainline Protestant
  • Evangelical Protestant
  • Other
  • Jewish
  • Historically Black Protestant
  • Other Christian
  • Mormon
  • Chart: Religious Organizations in Massachusetts Industry Products and Services Segmentation

  • Major Markets
  • Individual Donations
  • Donations from Foundations
  • Bequests
  • Corporate Donations
  • Chart: Major Market Segmentation for the Religious Organizations in Massachusetts Industry

  • Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Religious Organizations in Massachusetts

  • Basis of Competition
    Barriers to Entry
    The Catholic Church, The Evangelical Church, The Mainline Protestant Church, Jewish Synagogues,
  • Table: The Catholic Church - financial performance
  • Table: The Evangelical Church - financial performance
  • Table: The Mainline Protestant Church - financial performance
  • Table: Jewish Synagogues - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Religious Organizations in Massachusetts 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 Massachusetts Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Number of adults aged 65 and older in Massachusetts (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Congregation
  • An assembly of people with similar religious beliefs who join together for worship and other religious activities
  • Megachurch
  • Any Protestant organization that boasts a weekly attendance of 2000 congregation members or more on average. 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.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s industry research report on Religious Organizations in Massachusetts can be used to help you understand the industry’s market size, growth potential and major companies. Five-year forecasts provide insight into the industry’s prospects, so you can make decisions with confidence. This information is perfectly suited to informing your business plans, pitch books, benchmarking and SWOT analysis.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
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    This report on Religious Organizations in Massachusetts:
    • 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 Massachusetts 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 Massachusetts, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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