Religious Organizations operate religious establishments, such as churches, religious temples, and monasteries, and/or administer an organized religion or promote religious activities. Religious organizations are mostly faith-based nonprofit organizations that belong to a particular religion, and serve as a platform to promote its beliefs. These establishments can be operated privately, by local authorities, or governments. They receive funding from various public and private organizations and individuals. The end users of religious organizations include individuals, religious leaders, priests, ministers, imams, rabbis, and monks.
The global religious organizations market was valued at $223.7 billion in 2017. North America was the largest geographic region accounting for $116.9 billion or 52.3% of the global market. And the USA was the largest country accounting for $100.2176 billion or 44.8% of the global religious organizations market.
Crowdfunding is rapidly becoming one of the most popular modes for religious organizations to raise funds. It is a process of raising capital through a large number of independent investors primarily via crowdfunding platforms and social networking websites. Crowdfunding includes funds raised through donation websites, online charity auctions, and giving by text. According to Massolution crowdfunding report 2015, the global crowdfunding industry expanded by 167%, from $6.1 billion in 2013 to $16.2 billion in 2014 in terms of funds raised. The industry more than doubled in 2015, reaching $34.4 billion.
Companies Covered: The Salvation Army, Feeding America, Samaritan's Purse, Food For The Poor, Blessings International
Market Segments Included: Religious Organizations
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