Economic Valuation Studies
In 2010, Partners for Sacred Places and the University of Pennsylvania School of Social Policy and Practice concluded a pilot study of the economic impact of houses of worship. We found that 12 Philadelphia congregations contribute $52 million in annual economic value to the city of Philadelphia, for an average of $4.3 million per congregation. By assessing over 50 different factors, we have pioneered a new quantitative approach to understanding how congregations impact local economies. Congregations must now be understood as critical economic catalysts, suggesting an important shift in community investment policy and practice. Our Economic Valuation Study services offer your congregation individualized research, comprehensive interview reports, and numerical data gleaned from analyzing the large array of factors that contribute to your local economic impact, provided in a professionally designed document for your future use.