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2024 U.S. Industry Statistics & Market Forecast - Child and Youth Services
Market Size & Industry Statistics
The total U.S. industry market size for Child and Youth Services:
Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders.
In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.
Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.
| Statistics | 2019 2020 2021 2022 2023 | |
|---|---|---|
| Market Size (Total Sales/Revenue) |
Order at top of page | |
| Total Firms | ||
| Total Employees | ||
| Average Revenue Per Firm | ||
| Average Employees Per Firm | ||
| Average Revenue Per Employee | ||
Market Forecast
Market forecasts show the long term industry outlook and future growth trends. The following extended five-year forecast projects both short-term and long-term trends.
| Forecast / Industry Outlook | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|
| Market Forecast ($ millions) | ||||||
| Projected Industry Growth Rate (%) | ||||||
Industry Insights
The Child Welfare Services industry is a critical sector that prioritizes the safety and well-being of children across the globe. However, several trends impact the industry, including technological advancements, changes in policies, and demographic shifts.Technological advancements have transformed the way Child Welfare Services agencies collect, store, and share data. Electronic records and case management systems have improved efficiency, accuracy, and accountability. Additionally, social media platforms have become a useful tool for outreach, education, and communication.
The adoption of evidence-based practices and data-driven decision-making has led to better outcomes for children and increased accountability for Child Welfare Services agencies. Policy changes have also impacted the industry, such as shifting from a focus on family preservation to child safety and the increased involvement of fathers in child protection.
Demographic shifts have also affected the Child Welfare Services industry. There has been an increase in the number of children entering foster care due to the opioid epidemic and other substance abuse disorders. Moreover, there has been a growing awareness of the need to address issues of racial and ethnic disparities in the child welfare system.
Moreover, there is a continued push for more family-centered approaches that involve collaboration and partnership with families to support them throughout their challenges. Lastly, training and support for the workforce continues to be a trend to ensure that child welfare workers utilize best practices while providing critical services to families.
Product & Services Breakdown
Research products and services in the Child and Youth Services industry generating sales. Note that products are broken into categories with different levels of classification.| Product Description | Number of Companies | Sales ($ millions) | Percent of Total Sales |
|---|---|---|---|
Industry Total |
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Child Day Care Services |
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Shelter And Related Assistance Services (Include Homeless Shelters.) |
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Adoption Services |
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Foster Care And Guardianship Arrangement Services |
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Counseling And Information Services For Children, Youth, And Families |
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Counseling And Information Services For Children, Youth, And Families - Self-Help Group Services |
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Counseling And Information Services For Children, Youth, And Families - Information And Referral Services |
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Other Counseling And Information Services For Children, Youth, And Families |
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Other Social Assistance Services For Children, Youth, And Families |
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Children And Youth Recreational Programs |
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All Other Receipts |
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All Other Operating Receipts |
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Contributions, Gifts, And Grants - Government |
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Contributions, Gifts, And Grants - Private |
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Investment Income, Including Interest And Dividends |
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All Other Revenue |
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U.S. Geographic Distribution: Revenue Statistics by State
Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.
Income Statement (Average Financial Metrics)
Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.| Industry Average | Percent of Sales (Industry Benchmark) | |
|---|---|---|
| Total Revenue | Order at top of page |
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| Operating Revenue | ||
| Cost of Goods Sold | ||
| Gross Profit | ||
Operating Expenses | ||
| Pension, profit sharing plans, stock, annuity | ||
| Repairs | ||
| Rent paid on business property | ||
| Charitable Contributions | ||
| Depletion | ||
| Domestic production activities deduction | ||
| Advertising | ||
| Compensation of officers | ||
| Salaries and wages | ||
| Employee benefit programs | ||
| Taxes and Licenses | ||
| Bad Debts | ||
| Depreciation | ||
| Amortization | ||
| Other Operating Expenses | ||
| Total Operating Expenses | ||
| Operating Income | ||
| Non-Operating Income | ||
| EBIT (Earnings Before Interest and Taxes) | ||
| Interest Expense | ||
| Earnings Before Taxes | ||
| Income Tax | ||
| Net Profit Net Income | ||
Financial Ratio Analysis
Financial ratio information can be used to benchmark how a Child and Youth Services company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.| Profitability & Valuation Ratios | Industry Average |
|---|---|
| Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Child and Youth Services industry is performing. | |
| Profit Margin Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues. |
|
| Return on Equity (ROE) Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings). |
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| Return on Assets (ROA) Return on Assets (ROA) is net income relative to total assets. The market research on Child and Youth Services measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets. |
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| Liquidity Ratios | Industry Average |
|---|---|
| Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability. | |
| Current Ratio Measures a firm's ability to pay its debts over the next 12 months. |
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| Quick Ratio (Acid Test) Calculates liquid assets relative to liabilities, excluding inventories. |
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| Efficiency Ratios - Key Performance Indicators | Industry Average |
|---|---|
| Measure how quickly products and services sell, and effectively collections policies are implemented. | |
| Receivables Turnover Ratio If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections. |
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| Average Collection Period Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover |
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| Inventory Turnover A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort. |
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| Fixed-Asset Turnover Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue. |
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Compensation & Salary Surveys for Employees
Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.| Title | Percent of Workforce | Bottom Quartile | Average (Median) Salary | Upper Quartile |
|---|---|---|---|---|
| Management Occupations | 4% | Order at top of page |
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| Chief Executives | 0% | |||
| General and Operations Managers | 1% | |||
| Community and Social Service Occupations | 13% | |||
| Counselors, Social Workers, and Other Community and Social Service Specialists | 13% | |||
| Miscellaneous Community and Social Service Specialists | 5% | |||
| Healthcare Support Occupations | 66% | |||
| Home Health and Personal Care Aides; and Nursing Assistants, Orderlies, and Psychiatric Aides | 65% | |||
| Home Health and Personal Care Aides | 64% | |||
| Office and Administrative Support Occupations | 5% | |||
Child and Youth Services Competitor Landscape & Key Companies [PREMIUM]
The most influential companies in the Child and Youth Services industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Child and Youth Services industry and adjacent sectors:| Market Leaders: Direct Competitors Companies with the largest market share, focused in this industry |
Market leaders: Diversified Competitors Largest companies that have diversified operations in this and other industries |
| Innovators: Direct Competitors Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry. |
Innovators: Diversified Competitors Innovators and Disruptors in adjacent industries that may also affect the Child and Youth Services industry. |
Source:
Innovation News
- Jan 19, 2024: Active Minds trademarks "ASK ACKNOWLEDGE, SUPPORT, KEEP IN TOUCH" - Sunglasses
- Oct 13, 2023: Prevent Child Abuse - Vermont trademarks "HEALTHY RELATIONSHIPS PROJECT" - Training services
- Sep 01, 2023: Contingent trademarks "THE SCRIPT" - Providing educational mentoring and internship services and training programs for college students, recent graduates and emerging leaders from communities of color and rural areas in the fields of business development, personal and professional development, financial literacy and wellness, entrepreneurial empowerment, leadership, civic engagement, interview coaching, skill matching, and job placement, and ongoing networking opportunities; Peer to peer coaching services for college students, recent graduates and emerging leaders from communities of color and rural areas in the fields of business development, personal and professional development, financial literacy and wellness, entrepreneurial empowerment, leadership and civic engagement; Providing career guidance and group coaching for college students, recent graduates and emerging leaders from communities of color and rural areas in the fields of business development, personal and professional development, financial literacy and wellness, entrepreneurial empowerment, leadership and civic engagement; Business training in the field of workplace diversity, equity and inclusion (DEI)
Recent Federal Contracts for Child and Youth Services- Mar 21, 2024: TELLING YOUR STORY, LLC (Washington, DC) awarded $1,155,794
- Mar 20, 2024: CREATIVE PATHWAYS, INC. (Washington, DC) awarded $449,708
- Mar 16, 2024: CASA FOR CHILDREN OF THE DISTRICT OF COLUMBIA (Washington, DC) awarded $10,224
- Mar 15, 2024: AFC SCHOLARSHIP FOUNDATION, INC. (Waldorf, MD) awarded $105,090
- Feb 28, 2024: THE NATIONAL CENTER FOR MISSING & EXPLOITED CHILDREN (Alexandria, VA) awarded $147,290
- Feb 22, 2024: THE YOUNG CENTER FOR IMMIGRANT CHILDRENS RIGHTS (Chicago, IL) awarded $21,339,942
- Mar 21, 2024: TELLING YOUR STORY, LLC (Washington, DC) awarded $1,155,794
- Mar 20, 2024: CREATIVE PATHWAYS, INC. (Washington, DC) awarded $449,708
- Mar 16, 2024: CASA FOR CHILDREN OF THE DISTRICT OF COLUMBIA (Washington, DC) awarded $10,224
- Mar 15, 2024: AFC SCHOLARSHIP FOUNDATION, INC. (Waldorf, MD) awarded $105,090
- Feb 28, 2024: THE NATIONAL CENTER FOR MISSING & EXPLOITED CHILDREN (Alexandria, VA) awarded $147,290
- Feb 22, 2024: THE YOUNG CENTER FOR IMMIGRANT CHILDRENS RIGHTS (Chicago, IL) awarded $21,339,942
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