How to Calculate the Value of Volunteer Time

Value of Volunteer Time Report | Independent Sector Resources

Independent Sector, with the Do Good Institute at the University of Maryland, announced on April 23, 2024 that the estimate for the value of a volunteer hour ...

Each year, Independent Sector gathers data and conducts research on volunteerism in the nonprofit sector. The results of that research provide nonprofits a way ...

Calculating the Social Value of Volunteerism - True Impact

Multiply the number of hours volunteered by the hourly value of that work. And that's it! Note that you'll need to group different kinds of work separately ...

Value of Volunteer Time: Methodology - Independent Sector

Thus, the appropriate fringe-benefit rate to use for the 2023 estimates of an hour of volunteer time is (50.5 x 31.1 = ) 15.7 percent. These updated assumptions ...

What is the monetary value of volunteer time? - Candid Learning

Every April, Independent Sector publishes an estimated national value of each volunteer hour. This page includes historical national data and the value of ...

Understanding impact: The current value of volunteer time - Bonterra

Independent Sector and the University of Maryland's Do Good Institute estimate the current national value of a volunteer's time to be $31.80 ...

Updated Value of a Volunteer Hour in the U.S. - Points of Light

Generally, the $31.80 value of a volunteer hour can be applied to a wide range of traditional volunteer activities. For specialized, skilled pro ...

Why Volunteer Hours Value Matters and How to Calculate It - Golden

Volunteer hours value can be calculated in different ways, all of which have merit and can be useful to your organization.

The Value of Volunteer Time: A Guide - Volgistics Blog

The value of volunteer time is the average annual hourly earnings for nonprofit organizations. Further, organizations studying this value will ...

Value of Volunteer Time - ServeOhio - Ohio.gov

Independent Sector, with the Do Good Institute at the University of Maryland, announced on April 23, 2024 that the estimate for the national ...

New Value of Volunteer Time Increased 5.3% Than Year Prior

Independent Sector, with the Do Good Institute, announced that the value of a volunteer hour is $33.49 — a 5.3 percent increase from the ...

Calculating the economic value of your volunteers

Many projects and organisations find it helpful to put a financial value on the hours their volunteers' contribute. This can be expressed as an annual or ...

How Nonprofits Can Calculate and Report Volunteer Time in Their ...

How much is all this volunteer time worth? A lot. The organization Independent Sector estimates that the value of volunteer time for 2019 was ...

How to Measure the Value of Volunteers - Connect360 Multimedia

Multiply the number of volunteer hours by the average hourly wage for a worker based on local or national statistics. Calculate how much it would cost to hire ...

Economic Value to Volunteering

Volunteer hours are multiplied by an hourly rate. And this estimates the economic value of volunteering. There are practical and philosophical issues with this ...

Cost of Volunteering Calculator

The replacement cost of a volunteer is calculated using the average hourly part-time wage of a person of their age in their state of residence, plus 15% ...

The Nonprofit's Guide Measuring Volunteer Program ROI

Your volunteers contributed 10,000 hours last year. To calculate volunteer value, multiply 10,000 hours by the national volunteer wage ($27.20).

New Value of Volunteer Time Released, $29.95 Per Hour

Independent Sector, with the Do Good Institute, announced today that the latest value of a volunteer hour is estimated to be $29.95, which is a ...

Volunteer benefits calculator

*The replacement cost of a volunteer is calculated using the average hourly part-time wage of a person of their age in their State of residence, plus 15 ...

Valuing Volunteer Time - The NonProfit Times

“If you use the value of volunteer time to meet a match requirement for a grant proposal, be sure to follow the rules of the road,” said ...