alms Archive

US religion is worth $1.2T/year, more than America's 10 biggest tech companies, combined

The largely tax-free religion industry is one of the biggest in America, worth $1.2 trillion/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 …