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MinistryWatch Index Flat For May

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ANALYSIS–The MinistryWatch Index remained unchanged this month, hovering at 148, which is the same as last month.

The revenue number on which the Index is based grew by a modest .3 percent during the month. Year-to-date, the index has grown 2.7 percent.

The MinistryWatch Index tracks the total revenue of the 38 largest Christian ministries in the nation.

After several years of strong growth in the Christian ministry sector, the MinistryWatch Index for 2024 suggests concern about the future of the economy.

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.) Year-to-date, the Dow Jones Industrial Average is up about 3 percent.

To read more about how we compile the MinistryWatch Index, click here.

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Warren Cole Smith

Warren previously served as Vice President of WORLD News Group, publisher of WORLD Magazine, and Vice President of The Colson Center for Christian Worldview. He has more than 30 years of experience as a writer, editor, marketing professional, and entrepreneur. Before launching a career in Christian journalism 25 years ago, Smith spent more than seven years as the Marketing Director at PricewaterhouseCoopers.