Overview

Losing faith: Renewed incomes will boost donations, but attendance will continue to drop

The Religious Organizations market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

REPORT SNAPSHOT

Industry Threats & Opportunities

  • Technological change and increased scientific literacy continues to challenge religious beliefs
  • Many places of worship struggled to stay in operation as fewer people attended services
  • Religious institutions are increasingly relying on pledges from their members for revenue

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    Industry Analysis & Industry Trends

    The Religious Organizations industry has historically performed well in the United States due to the nation's high religiosity relative to other developed economies. Even as the United States remains a religious society, charitable donations toward religious organizations are now more volatile than in previous years; this volatility was exacerbated by declining disposable income levels early on in the five years to 2017 and the average American's dwindling confidence in organized religion. Over the next five years, the industry will benefit from growing disposable income levels, which will increase charitable contributions to religious organizations and support industry revenue...

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    Industry Report - Industry SWOT Analysis Chapter

    The Religious Organizations industry is in the declining stage of its industry life cycle. Industry value added (IVA), which measures the industry's contribution to the overall economy, is forecast to grow at an annualized 1.2% over the 10 years to 2022. By comparison, GDP is projected to grow an annualized 2.0% over the same 10-year period. Consequently, the industry's contribution to the overall economy is contracting, which indicates a declining industry.

    Public confidence in organized religion has declined over the past five years. This was matched by a growing percentage of individuals with no religious beliefs or no affiliation with an organized religious group. In ..

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    Additional Insights for the Religious Organizations Industry

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

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

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    Industry Products

    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.

    Industry Products
    Evangelical Christian worship services
    Roman Catholic worship services
    Mainline Protestant worship services
    Historically Black Churches
    Other Christian worship services
    Jewish worship services
    Muslim worship services
    Other faiths' 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

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Per capita disposable income
  • Number of households
  • Number of immigrants
  • Time spent on leisure and sports
  • Number of college students

  • Current Performance
  • No money, no donations
  • Losing our religion
  • Chart: Revenue Growth

  • Industry Outlook
  • Recovering economy bolsters donations
  • Demographic trends and diversity
  • Table: Religious Organizations Industry Revenue Outlook

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

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Consumers

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

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

  • Demand Determinants
  • The changing face of the United States
  • Alternatives to religious community
  • Technological innovation

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

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitWagesPurchasesRent and utilitiesDepreciationMarketingOther expenses
  • Chart: Cost Structure Benchmarking – Sector vs Religious Organizations

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Religious Organizations Industry

  • Industry Globalization
    Major Companies
    Evangelical ProtestantsCatholic ChurchMainline ProtestantsHistorically Black Churches
  • Table: Evangelical Protestants - financial performance
  • Table: Catholic Church - financial performance
  • Table: Mainline Protestants - financial performance
  • Table: Historically Black Churches - financial performance

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

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

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Religious Organizations Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Confidence in organized religion (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Jargon & Glossary
    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
  • Faith Based Organization (Fbo)
  • Faith based organizations are synonymous to religious organizations, and each term is used interchangeably throughout the report.
  • 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.
  • Secular Unaffiliated
  • A person who does not belong to any religious denomination but also does not completely identify with agnostic or atheist ideas.
  • 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.
  • Unaffiliated Religious
  • A person who does not belong to any organized religious denomination but feels that religion still plays a relevant role in his or her life.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Religious Organizations:
    • 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 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, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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