The largely tax-free religion industry is one of the biggest in America, worth $1.2 trillion a year, a number that includes religious “healthcare facilities, schools, daycare and charities; media; businesses with faith backgrounds; the kosher and halal food markets; social and philanthropic programmes; and staff and overheads for congregations.”
The figure comes from The Socio-economic Contribution of Religion to American Society: An Empirical Analysis, co-authored by Georgetown’s Brian J Grim and Newseum’s Melissa E Grim, and published in the Interdisciplinary Journal of Research on Religion. The authors describe the estimate as “conservative” and note that while religion as a whole is declining in the US, spending on religious “social programs” has tripled since 2001, to $9T.
Grim and his co-author Melissa Grim of the Newseum Institute in Washington came up with three estimates of the worth of US religion. The lowest, at $378bn, took into account only the revenues of faith-based organisations. The middle estimate, $1.2tn, included an estimate of the market value of goods and services provided by religious organisations and the contributions of businesses with religious roots.