NAICS 81311 - Religious Organizations
This industry comprises (1) establishments primarily engaged in operating religious organizations, such as churches, religious temples, and monasteries and/or (2) establishments primarily engaged in administering an organized religion or promoting religious activities.
Industry trends:
NAICS 81311, which covers Religious Organizations, is witnessing significant qualitative shifts influenced by broader societal trends. One key trend is the increasing embrace of digital transformation. Many religious organizations are adapting by adopting live streaming services, online donations, and social media engagement to reach broader audiences. This trend has intensified due to the COVID-19 pandemic, which necessitated remote worship and virtual community building.
Additionally, there is a growing emphasis on inclusivity and diversity within religious communities. Many organizations are working to be more welcoming to various demographics, including younger generations, racial minorities, and the LGBTQ+ community. This shift is often reflected in their messaging, programming, and community initiatives.
Another notable trend is the rise of interfaith collaboration. Religious organizations are increasingly participating in interfaith dialogues and community service projects, focusing on common values and social justice issues. This collaboration aims to foster mutual understanding and address shared concerns such as poverty, climate change, and human rights.
Looking ahead, these trends are expected to continue shaping the landscape of religious organizations. The digital transformation is likely to evolve further, incorporating advanced technologies such as virtual reality for immersive worship experiences. Moreover, the focus on inclusivity and interfaith efforts is anticipated to strengthen, driven by societal demands for greater equity and unity. As religious organizations navigate these changes, they may find new opportunities for growth and community impact.
This industry is comprised of:
Bible societies
Churches
Convents (except schools)
Missions, religious organization
Monasteries (except schools)
Mosques, religious
Places of worship
Religious organizations
Retreat houses, religious
Shrines, religious
Synagogues
Temples, religious
This report includes the ability to segment your Industry by:
- Region
- Employees
- Net Sales
- Company Age
- Total Assets
- Ownership Type
With iCFO You Get
What Is iCFO?
A review and comparison of financial performance of privately-help companies in specified SIC/NAICS industry segment, using industry standard benchmarks.
Sound Business Analysis
Answers come easily with iCFO. Review ROI, sales per employee, profit margins of the top 10%, top 25% and more, to identify areas of concern and opportunity. Examine what if scenarios and P&L impact of reducing costs or adding revenue.
Your Business’ Health In Minutes
It takes only five minutes to enter your data and produce a concise profile of your company’s fiscal state, including critical business ratios focusing on liquidity, profitability, asset efficiency, and growth.