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2024 U.S. Industry Statistics & Market Forecast - Social Assistance


Market Size & Industry Statistics

The total U.S. industry market size for Social Assistance: 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.

Charts and graphs can be copied to Microsoft Word and Powerpoint presentations.

Statistics        2019        2020        2021        2022        2023
Market Size
(Total Sales/Revenue)


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Total Firms
Total Employees
Average Revenue Per Firm
Average Employees Per Firm
Average Revenue Per Employee
Statistics Source: U.S. Census, AnythingResearch Analysis of Federal Data



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 (%)
Source: AnythingResearch Economic Analysis

Industry Insights

Major trends affect the Social Assistance industry include:
  1. Increased automation and robotics
  2. Shift to renewable energy sources
  3. Rise of remote and flexible work
  4. Growing importance of AI and machine learning
  5. Data privacy and cybersecurity challenges
  6. Expansion of 5G technology
  7. Sustainable and eco-friendly practices
  8. Personalization and customization
  9. Integration of Internet of Things (IoT)
  10. Heightened global competition
  11. E-commerce and direct-to-consumer models
  12. Advancements in blockchain technology
  13. Regulatory and compliance pressures
  14. Consumer demand for transparency and ethics
  15. Impact of climate change on operations


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.

U.S. map by state

Social Assistance Industry Price Trends

Rise and fall in market prices are affectedd by supply, demand, and the cost of goods/services sold. Higher demand or COGS will put upward price pressure on prices. Higher competition among Social Assistance companies will put a downward pressure on prices. The chart shows how prices are changing within the industry, month-to-month over the last three years.

example price index trendline

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

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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
 
Source: AnythingResearch Analysis of U.S. federal statistics




Financial Ratio Analysis

Financial ratio information can be used to benchmark how a Social Assistance company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.

Profitability & Valuation RatiosIndustry 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 Social Assistance 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).
Return on Assets (ROA)
Return on Assets (ROA) is net income relative to total assets. The market research on Social Assistance measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets.


Liquidity RatiosIndustry 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.
Quick Ratio (Acid Test)
Calculates liquid assets relative to liabilities, excluding inventories.


Efficiency Ratios - Key Performance IndicatorsIndustry 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.
Average Collection Period
Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover
Inventory Turnover
A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort.
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.



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.

TitlePercent of WorkforceBottom Quartile Average (Median) SalaryUpper Quartile
Management Occupations 5%

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Chief Executives0%
General and Operations Managers1%
Other Management Occupations 7%
Education and Childcare Administrators 6%
Education and Childcare Administrators, Preschool and Daycare 6%
Social and Community Service Managers 5%
Social and Community Service Managers 5%
Business and Financial Operations Occupations 8%
Business Operations Specialists 7%
Community and Social Service Occupations 12%
Counselors, Social Workers, and Other Community and Social Service Specialists 12%
Counselors 14%
Rehabilitation Counselors 10%
Social Workers 8%
Miscellaneous Community and Social Service Specialists 5%
Social and Human Service Assistants 15%
Educational Instruction and Library Occupations 12%
Preschool, Elementary, Middle, Secondary, and Special Education Teachers 8%
Preschool and Kindergarten Teachers 7%
Preschool Teachers, Except Special Education 7%
Other Educational Instruction and Library Occupations 14%
Teaching Assistants 14%
Teaching Assistants, Except Postsecondary 14%
Healthcare Support Occupations 46%
Home Health and Personal Care Aides; and Nursing Assistants, Orderlies, and Psychiatric Aides 46%
Home Health and Personal Care Aides 45%
Building and Grounds Cleaning and Maintenance Occupations 10%
Building Cleaning and Pest Control Workers 8%
Building Cleaning Workers 8%
Janitors and Cleaners, Except Maids and Housekeeping Cleaners 8%
Personal Care and Service Occupations 9%
Other Personal Care and Service Workers 8%
Childcare Workers 6%
Childcare Workers 6%
Residential Advisors 5%
Residential Advisors 5%
Office and Administrative Support Occupations 5%
Production Occupations 7%
Transportation and Material Moving Occupations 7%
Material Moving Workers 6%
Laborers and Material Movers 6%
Source: Bureau of Labor Statistics


Social Assistance Competitor Landscape & Key Companies [PREMIUM]

The most influential companies in the Social Assistance 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 Social Assistance 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 Social Assistance industry.
Source:
IncFact


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Recent Federal Contracts for Social Assistance

  • Apr 02, 2024: FORFEITURE SUPPORT ASSOCIATES, LLC (Ashburn, VA) awarded $206,324
  • Apr 02, 2024: WESTERN STATES FIRE PROTECTION CO (El Paso, TX) awarded $6,663
  • Apr 02, 2024: MG SCIENTIFIC INC (Pleasant Prairie, WI) awarded $18,883
  • Apr 02, 2024: NIXON & NIXON INC (San Antonio, TX) awarded $352,000
  • Apr 02, 2024: K2 TOWERS III, LLC (Chagrin Falls, OH) awarded $6,341
  • Apr 02, 2024: GALLS, INC (Lexington, KY) awarded $4,920




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