Religious Organizations in the US
Over the five years to 2019, Religious Organizations industry revenue, measured in total donations to religious organizations, is estimated to grow. 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. Nevertheless, the number of people who do consider religion to be very important remains the majority. Over the five years to 2024, revenue is expected to continue its upward path at significantly slowed rate. Despite growing disposable income, reduced tax incentives associated with charitable giving are anticipated to weigh significantly on donations by individuals.
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, in addition to 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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