HIRR New Report Highlights Post-Pandemic Financial Landscape of US Congregations

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A recent report on congregational finances authored by the Hartford Institute for Religion Research staff has unveiled key insights into the financial health of religious organizations after the COVID-19 pandemic. The report titled, “Finance and Faith: A Look at Financial Health Among Congregations in a Post-Pandemic Reality” is based on nationally representative survey data from 2020 and 2023, highlights both challenges and opportunities facing faith communities across the nation.

The study reveals a complex financial picture. Of note, while the median congregational income reached a 15-year high of $165,000 in 2023, it falls short of keeping pace with inflation. Simultaneously, there’s been a surge in online giving, with nearly 70% of congregations now utilizing digital platforms. This trend is associated with higher per capita income, suggesting a positive impact on financial health. Interestingly, 61% of religious leaders report their congregation to be in excellent or good financial health, a significant increase from 2020.

“Many clergy leaders worry about the financial future of their congregation. Several stressors, such as rising inflation rates and changing service attendance patterns, exacerbate these concerns,” said Dr. Mikoski, visiting assistant professor of research at Hartford Institute. “However, creative thinking about the ways an organization’s mission can be funded and sustained into the future can be useful when facing these challenges.”

View the full report here.

Hartford Institute will continue releasing analyses on the pandemic impact on congregations, thanks to a generous grant from Lilly Endowment Inc.

Contact Dr. Mikoski at cmikoski@hartfordinternational.edu for more details on the report, the study or to inquire about research collaboration opportunities.

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The Exploring the Pandemic Impact on Congregations study is funded by Lilly Endowment Inc. and led by the Hartford Institute for Religion Research at Hartford International University for Religion and Peace.