Social Assistance Industry Profile

Report Page Length: 10-12
Last Quarterly Update: 8/7/2017
SIC Codes: 8322, 8331, 8351
NAICS Codes: 624
Chapters Include:
Industry Overview Trends & Challenges Industry Forecast
Quarterly Industry Update Call Prep Questions Website & Media Links
Business Challenges Financial Information Glossary & Acronyms
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Excerpt from Social Assistance Industry Profile

Organizations in this industry provide services such as food banks, temporary shelters, emergency relief, rehabilitation, adoption, and child care. Major institutions include Feeding America, Habitat for Humanity, The Salvation Army, and Volunteers of America (all based in the US), along with the International Federation of Red Cross and Red Crescent Societies (Switzerland), Sanctuary Housing (UK), and World Food Programme (Italy).

Many social assistance organizations operate internationally and have affiliates around the world. The internet and social media have enabled groups to reach donors and service providers instantaneously, without respect to geographic borders. That trend is expected to continue.

The US social assistance industry includes about 170,000 establishments (single-location organizations and units of multi-location organizations) with combined annual revenue of about $165 billion.

Child care services, which are included in the industry, are covered in a separate profile.

COMPETITIVE LANDSCAPE

Demand is driven by the number of people requiring assistance in a number of social, economic, and emergency circumstances. Larger organizations may have more effective marketing campaigns to reach a wider group of people in need. Smaller social assistance organizations may focus more on a local need or more specialized issues. The US industry is highly fragmented: the 50 largest organizations generate about 15% of industry revenue.

PRODUCTS, OPERATIONS & TECHNOLOGY

Individual and family social assistance services, which account for about half of industry revenue, include daily living support for senior and disabled persons; youth adoption, foster care, ...

 
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