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Religious Organizations in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Religious Organizations Market Research Report | NAICS 81311 | Jan 2017

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

IBISWorld’s Religious Organizations market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Industry Statistics & Market Size
Revenue
$104bn
Annual Growth 11-16
1.1%
Annual Growth 16-21
Annual Growth
Profit
Profit
Employment
1,635,358
Businesses
181,800
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

Religious organizations have historically performed well in the United States due to the nation's high religiosity relative to other developed economies. 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 2016 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. Nevertheless, present trends show that Americans are increasingly seeking alternatives to religious services.


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Industry Report - Industry Analysis Chapter

Revenue for the Religious Organizations industry primarily comes from charitable donations by patrons. The number of donations that religious organizations receive mainly depends on the congregation’s attendance and personal disposable income level. Employment and economic growth are the primary drivers for disposable income, while attendance is influenced by demographic factors such as age, religious affiliation and education. The US population has a long history of adhering to religious beliefs and attending worship services. In other advanced economies, higher standards of living and education have consistently correlated with a drop in religious adherence, whereas the United States has mostly resisted the trend. 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 households in the Religious Organizations industry impact industry performance... purchase to read more

     


    Industry ProductsRelated Reports

    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 servicesRoman Catholic worship servicesMainline Protestant worship servicesHistorically Black ChurchesOther Christian worship servicesJewish worship servicesMuslim worship servicesOther faiths' worship services
     
    Industry Activities
    Bible society operation Church operation Missionary society operationMonastery operation (except schools)Mosque operation Synagogue operationTemple operationReligious shrines operationConvents (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
  • Chart: Cost Structure Benchmarking – Sector vs Religious Organizations
  • Basis of Competition
  • Internal competition
  • External competition
  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Religious Organizations Industry
  • Industry Globalization
    Major Companies
    Evangelical Protestants
    Catholic Church
    Mainline Protestants
    Historically 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 (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Wages (2007-2021)
  • Confidence in organized religion (2007-2021)
  • 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 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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