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| Actual Size |
National
Value of Volunteer Time
Independent Sector: 2015
Latest Estimated Value
of Volunteer Time – 2014
National: $23.07
per hour
The estimate helps
acknowledge the millions of individuals who dedicate their time, talents, and
energy to making a difference. Charitable organizations can use this estimate
to quantify the enormous value volunteers provide.
According to the
Corporation for National and Community Service, about 62.6 million Americans,
or 25.4 percent of the adult population, gave 7.7 billion hours of volunteer
service worth $173 billion in 2013.2 For the latest information, please see Volunteering and Civic Life in America 2015
The value of volunteer
time is based on the hourly earnings (approximated from yearly values) of all
production and non-supervisory workers on private non-farm payrolls average
(based on yearly earnings provided by the Bureau of Labor Statistics) for the
national average. Independent Sector indexes this figure to determine state
values and increases it by 12 percent to estimate for fringe benefits.
Charitable
organizations most frequently use the value of volunteer time for recognition
events or communications to show the amount of community support an
organization receives from its volunteers. READ MORE @
State Values of Volunteer Time
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