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

The Religious Organizations industry consists of organizations that provide religious worship or promote religious activities. Over the five-year period to 2017, the industry has performed well. The vast majority of donations come from individuals, so growth in revenue has mainly been driven by increases in per capita disposable income, despite a slow decline in the number of people who view religion to be an important aspect of their lives. Over the next five years, revenue is expected to continue its upward path. Disposable income will be the primary factor in driving growth. The number of people reporting religion to be very important to them is also expected to decrease...purchase to read more.

Industry Statistics & Market Size
Revenue
$128bn
Annual Growth 12-17
4.4%
Forecast Growth 17-22
Profit
Employment
1.7m
Businesses
188,404

Industry Threats & Opportunities

  • Major national polls show gradual declines in church attendance and religion’s importance
  • Donations have increased due to overall growth in per capita disposable income
  • Strong increases in disposable income will be the primary force driving revenue growth
  • 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 in 2017, industry operators are expected to spend $0.13 on capital investments. 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, organizing events and completing general maintenance and administrative functions. Almost all religious organizations rely on volunteer labor to reduce wage costs. In ...purchase to read more.

    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 adults aged 65 and older in the Religious Organizations industry impact industry performance..

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    What's in this report

    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
  • 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
  • Per capita disposable income
  • Number of adults aged 65 and older
  • Number of households
  • Number of immigrants
  • Natural disaster index

  • Current Performance
  • Decreasing importance
  • Improving economic conditions drive growth
  • Industry structure
  • Shifting consumer preferences
  • Chart: Revenue Growth

  • Industry Outlook
  • Increasing disposable income
  • Decreased importance of religion
  • Expected growth and increasing youth membership
  • Table: Religious Organizations Industry Revenue Outlook

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

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

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitWagesPurchases Rent and UtilitiesDepreciationOther
  • Chart: Cost Structure Benchmarking – Sector vs Religious Organizations

  • Basis of Competition
  • Internal
  • External

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

  • Industry Globalization
    The Catholic Church, The Evangelical Church, The Mainline Protestant Church,
  • Table: The Catholic Church - financial performance
  • Table: The Evangelical Church - financial performance
  • Table: The Mainline Protestant Church - financial performance

  • 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
    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)
  • Number of Adults Aged 65 and Older (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    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 that joins 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.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s industry research report on Religious Organizations 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
    • 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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