ANALYSIS–The MinistryWatch Index was unchanged during the month of March, 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 sideways move means that the MinistryWatch Index has been essentially unchanged after a significant drop last October due to the release of new financial information from four of ministries that saw significant declines in revenue from 2022 to 2023. Those ministries are:
Samaritan’s Purse $110,535,545 decline in revenue
Church World Service $66,448,128 decline in revenue
Children’s Hunger Fund $42,160,540 decline in revenue
Food for the Poor $37,432,943 decline in revenue
The no growth and slow growth of the MinistryWatch Index over the past six 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.
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 three-and-a-half months of 2025. In the past month, it has dropped about 10 percent. The tech-heavy NASDAQ is down about 19 percent for the year. Again, most of that drop has been in the last 30 days.
To read more about how we compile the MinistryWatch Index, click here.