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Religious Organizations in the US - Industry Market Research Report

Religious Organizations in the US - Industry Market Research Report

  • January 2018
  • 36 pages
  • ID: 184514

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

Abstract

Religious Organizations in the US
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. This percentage will be determined, in large part, by the ability of churches to tailor offerings in line with the preferences of younger generations.

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.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

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