Thursday, April 22, 2021

2020 Value of Volunteer Time, $28.54 Per Hour ▬ Independent Sector

2020 New Value of Volunteer Time Released, $28.54 Per Hour

Independent Sector:  4.20.2021

Today, Independent Sector, with the Do Good Institute, announces that the latest value of a volunteer hour is $28.54 – up 4.9% from the previous year. Estimated from data collected in 2020, the figure shows the valuable contributions volunteers make to support our communities and country.

Value of Volunteer Time by State 2001 -2020

According to the Value of Volunteer Time, and using data from AmeriCorps on volunteer hours, volunteers typically contribute nearly $200 billion to our communities. However, there is evidence that the number of hours volunteered by Americans in 2020 has decreased due to the COVID-19 pandemic. While it will take some years to assess the full extent of impact from COVID-19, a recent study by Fidelity Charitable found that 66% of volunteers have decreased the amount of time they volunteer or stopped entirely due to the pandemic.

The latest value, calculated by the University of Maryland’s Do Good Institute, is measured based on hourly earnings released by the U.S. Bureau of Labor Statistics. And while the pandemic certainly had an impact on volunteerism, wages in 2020 for the employed actually increased leading to an increased Value of Volunteer time rate.

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In addition to the national number, Independent Sector also provides the state-level value of volunteer time for all 50 states, the District of Columbia, and Puerto Rico. State level values range from $13.74/hour for Puerto Rico to $48.67/hour for the District of Columbia.

By State ▬ Top 10

$48.67 District of Columbia
$34.97 Massachusetts
$33.75 Washington
$33.61 California
$33.28 Connecticut
$33.17New York
$31.41 New Jersey
$31.29 Maryland
$30.98 Minnesota
$30.55 Hawaii

READ MORE ➤➤


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