MinistryWatch Index Flat in June
Seventh consecutive month index is essentially unchanged
ANALYSIS–The MinistryWatch Index was essentially flat in June. To be precise, it rose less than 1 percent and finished the month at 152.
The MinistryWatch Index is based on the revenue of 38 large Christian ministries — ministries that represent all of the 21 ministry segments tracked by MinistryWatch.
This month’s lackluster performance adds another month to a now record seven months of flat performance by the Index. The no growth and negative growth of the MinistryWatch Index over the past seven months could suggest concern about the future of the economy.
A recent survey conducted by MinistryWatch of ministry executives found that fundraising has now replaced finding and recruiting staff as their top leadership concern. This concern seems well-founded. A recent survey found that giving by evangelicals is down.
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Other studies, especially those by Giving USA, suggest that philanthropic giving correlates closely to the rise and fall in value of the major stock markets. (Note that this relationship is correlative and not causative.)
This correlation seems to be proving out this year. The Dow Jones Industrial Average, though volatile this year, was essentially flat in the first five months of 2025, though in the past month it has seen a rally, rising about 5 percent. The tech-heavy NASDAQ was also flat for the first five months of the year, though at one point in April is was down about 19 percent. A recent rally has year-to-date performance up about seven percent.
To read more about how we compile the MinistryWatch Index, click here.
