Civic, Social & Youth Organizations in the US - Industry Market Research Report

Civic, Social & Youth Organizations in the US - Industry Market Research Report

Civic, Social & Youth Organizations in the US

The Civic, Social and Youth Organizations industry is composed of organizations that promote their members' civic and social interests and includes social clubs, alumni organizations, education societies and professional associations. Organizations in this industry generate revenue through corporate partnerships, private donations, government grants and membership fees. Leading up to 2023, industry revenue has been supported by favorable economic conditions and growth in key markets. However, the industry has contended with the declining popularity of industry activities and increased competition from digital media, both of which have tempered revenue growth. Additionally, the COVID-19 pandemic created barriers to industry activities, disrupting industry growth. Overall, revenue is expected to fall at a CAGR of 0.1% to $22.3 billion in 2023, including a 1.9% decrease in 2023 alone as unemployment rises while corporate profit falls in that year alone.

This industry consists of establishments engaged in promoting the civic and social interests of their members. Industry establishments include nonprofit social clubs, alumni organizations, societies and associations. These establishments may operate facilities for their members. This industry excludes services provided to members of religious congregations, performing arts and other cultural organizations.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares."