Faith Based Organizations
Allen Austin works with faith-based organizations of all sizes. Utilizing our extensive experience of delivering desired outcomes to a wide range of faith-based nonprofits, we help you recruit, screen, and select organizational leaders who have the interpersonal relationships required to influence volunteers, service users, and other stakeholders.
The Faith-Based Organizations Industry has historically performed well in the US primarily due to the high religious inclination of the US population in comparison to other developed countries. Nevertheless, over the past few years, charitable donations and revenue generated by faith-based organizations have become more unpredictable than ever before.
But it is a $157+ billion industry. “Religious organizations’ revenue has increased at a CAGR of 1.0% to $157.2 billion over the past five years, including a 0.5% increase in 2023, while profit will remain relatively flat at 12.7%. Revenue growth is attributable to higher donation amounts. Decreased revenue might not be representative of declining religious services but instead a decrease in individuals’ ability or willingness to donate to their organizations. Tax policy changes have reduced incentives for charitable donations and resulted in a significant drop in industry revenue in 2018. The Coronavirus Aid, Relief and Economic Security (CARES) Act stimulated businesses and individuals, boosting revenue growth in 2020.” Source: IBIS World
Considering the diverse spectrum of challenges faced by faith-based organizations, one can propose that effective leadership and talent management remains the only way forward for the industry. Allen Austin provides specialized search and leadership advisory services to religious non-profits that are facing uncertainties.