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Religious Organizations in the US - Industry Market Research Report

Religious Organizations in the US - Industry Market Research Report

  • February 2019
  • 36 pages
  • ID: 184514
  • Format: PDF
  • By Ibisworld

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From the pulpit: 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 years to 2018, the industry has performed well. Revenue, measured in total donations to religious organizations, is estimated to grow. The vast majority of donations come from individuals; therefore, growth in revenue is mainly driven by increases in per capita disposable income, despite a slow decline in the number of people who consider religion an important aspect of their lives. Surveys by the Pew Research Center and Gallup Inc. have shown slow decreases over time in church attendance and in the importance of religion to individuals and society. In addition, individuals reporting religion to be not very important to them has been increasing. Over the five years to 2023, revenue is expected to continue its upward path. Per capita disposable income will be the primary factor in driving growth and is expected to increase. Nonetheless, the number of people reporting religion to be very important to them is expected to continue decreasing.

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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