Value of Volunteer Time Up 58 Cents in 2016

Independent Sector has announced that the estimated value of a volunteer hour in the U.S. reached $24.14 in 2015, up 2.5 percent from $23.56 in 2015.

The estimate is based on the average hourly earnings (plus 12 percent, to allow for fringe benefits) of all production and non-supervisory workers on private non-farm payrolls as calculated by the Bureau of Labor Statistics. Announced ahead of National Volunteer Week (April 23-29), a program of Independent Sector member Points of Light, the estimated value of a volunteer hour was highest in the District of Columbia ($39.17), followed by Washington ($30.04), Massachusetts ($29.88), Connecticut ($29.29), California ($28.46), and New York ($28.06). Delaware saw the largest percentage increase on a year-over-year basis, up 8.6 percent to $23.20, while Colorado, at $25.97, saw no increase and New Mexico and Wyoming saw drops of 0.7 percent, to $19.77, and 4.3 percent, to $22.13, respectively.

According to data from the Corporation for National and Community Service, nearly sixty-three million Americans, or roughly one in four, volunteer a total of eight billion hours of service, worth approximately $193 billion, annually.

"Volunteerism empowers people to support causes they care about. When changemakers work together to tackle tough problems, our world becomes a better place," said Points of Light CEO Tracy Hoover. "By sharing concrete data that highlights the impact of volunteers, we can inspire and mobilize more individuals and organizations to realize their potential and power to become active participants in sparking change."

"Independent Sector Releases New Value of Volunteer Time of $24.14 Per Hour." Independent Sector Press Release 04/20/2017.