Press release
Building Communities: Civic and Social Organizations Market Report 2024
The civic and social organizations market size has grown steadily in recent years. It will grow from $62.56 billion in 2023 to $65 billion in 2024 at a compound annual growth rate (CAGR) of 3.9%. The growth in the historic period can be attributed to international aid organizations, community development programs, formation of advocacy group, civil rights movements, emergence of nonprofits.The civic and social organizations market size is expected to see steady growth in the next few years. It will grow to $75.43 billion in 2028 at a compound annual growth rate (CAGR) of 3.8%. The growth in the forecast period can be attributed to enhanced communication strategies, diversification of funding sources, environmental sustainability focus, addressing demographic changes, innovative volunteer engagement. Major trends in the forecast period include digital transformation, diversity, equity, and inclusion (dei) initiatives, community-centric solutions, advocacy for social justice, volunteer mobilization.
Market Overview -
A civic organization refers to an organization that works on citizen values, good governance, and ethical values for the development of its citizens. Social organizations refer to welfare organizations formed by groups of people with mutual interests to fulfill their social obligations towards society. These organizations are engaged in promoting the civic and social interests of their members. Establishments in this industry may operate bars and restaurants for their members.
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Corporate Donations Fueling Growth Of Civic And Social Organizations Market
Increasing donations from corporates are driving the civic and social organizations' market. Sponsorships from corporates are great sources of funding for these organizations to promote and fulfill the needs of society. These donations include philanthropic, event sponsorship, cause marketing, pro bono, matching gifts, paid release, in-kind gifts, and check-out campaigns. For instance, in April 2021, The Ithaca, a New York-based online fundraising tool for nonprofits assisted over 40,000 organizations in raising over $2 billion. During civic Giving Days in August 2020, it facilitated a record-breaking $124 million in donations. Moreover, in June 2020, BMO Financial Groups, a financial service provider, announced plans to donate $1 million to several organizations in North America that provide support to social and racial justice, and inclusion. The increase in donations from corporates is positively impacting the growth of the civic and social organizations market.
Competitive Landscape -
Major companies operating in the civic and social organizations market report are Rotary International Club, Boys and Girls Clubs of America, American Association of State Colleges and Universities, National Low Income Housing Coalition, Lions Clubs International, National Council on Aging, National Urban League, Civic Nation, National Immigration Law Center, National Association for the Advancement of Colored People, National Association of Social Workers, National Council of Nonprofits, National Women's Law Center, Ethics & Compliance Officer Association, Hispanic Association of Colleges and Universities, National Organization for Women, National Alliance to End Homelessness, National Disability Rights Network, The Boy Scouts of America, National Women's Health Network, The Young Men's Christian Association, Atlanta Downtown Improvement District Inc., Society for Public Health Education, The Andrew Goodman Foundation, National Coalition Against Domestic Violence, Congressional Award Foundation, Beacon Hill Civic Association Community Corner, National Association of Government Communicators, Campus Vote Project, Nonprofit VOTE, National Youth Advocate Program, Points of Light Foundation, Public Allies Inc., Service Year Alliance, Teach For America, United Way Worldwide, Volunteers of America
Innovative Technology Solutions Transforming The Civil And Social Organizations Market
Major companies operating in the civil and social organizations market are innovating new technologies such as Inclusive Digital Advocacy Toolkit to increase their profitability in the market. Inclusive Digital Advocacy Toolkit is a tool made to help civil society organizations (CSOs), organizations for people with disabilities (OPDs), and various advocates use social media and technology for advocacy operations. For instance, in November 2021, International Foundation for Electoral Systems (IFES), a US-based non-profit organization launched as Inclusive Digital Advocacy Toolkit. The toolbox is available to a wide range of participants, including political parties, candidates, elected officials, and government agencies. The toolkit walks users through every stage of putting together an inclusive digital advocacy campaign, making sure that advocates advance the rights of everyone and carry out their advocacy work in a welcoming and accessible way.
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Key Segments -
The civic and social organizations market covered in this report is segmented -
1) By Products and Services: Membership Services, Prepared Meals And Beverages, Gaming Services, Rental Of Nonresidential Space, Private Gifts, Grants And Donations, Government Grants And Support, Other Products and Services
2) By Type: Academia, Activist Groups, Charities, Clubs, Community Foundations, Community Organizations, Consumer Organizations, Cooperatives, Other Types
3) By Mode of Donation: Online, Offline
4) By Organisation Location: Domestic, International
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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