Independent Sector, in partnership with economic impact data firm IMPLAN in Huntersville, N.C., indexes this figure to determine state values. VolunTeer raTes bY sTaTe This table displays a state-by-state comparison of volunteer rates. About 63 million Americans gave 8 billion hours of volunteer service worth $203.4 billion in 2018. Independent Sector, with the Do Good Institute, recently released a new value of volunteer time for 2019, $27.20 per hour. The study also total Puerto Rico with that value at $12.64 an hour. The cost-savings that volunteers provide can really add up as your program grows. Education Details: Independent Sector has long held the position that Congress should raise the volunteer mileage reimbursement rate.Businesses can reimburse their employees at a rate of 54.5 cents per mile, but volunteer mileage has been fixed at a mere 14 cents per mile for over two decades. That’s the official amount designated by the Independent Sector, the organization that has historically been the source most organizations look to for the value of a volunteer’s time.. That number is quantified using a wage replacement rate. The value of volunteers in Washington, D.C., topped the list at $41.72 an hour with Mississippi last at $12.64. This hourly value increased 7 percent from the previous year. A lot. The most recent estimate on the national value of volunteer time in 2020 is $27.70 per hour. 2018 Virginia Volunteering Statistics Each year, Independent Sector gathers data and conducts research on volunteerism in the nonprofit sector. As of July 2020, the value of a volunteer is $27.20 per hour. Value of Volunteer Time — Independent Sector. Independent Sector has estimated on the hourly value of volunteer time since 2002. Volunteerism Statistics Fast Facts* 2.243 million Virginians volunteered in 2018; 34% of Virginians volunteer; Volunteered 232 million hours last year; $5.5 billion in economic impact; Virginia ranks 22nd in U.S. for volunteerism; Virginia ranks 2nd in U.S. for veterans volunteering * Volunteering and Civic Life in America 2018 Quick Links. As shown, states varied greatly in their reported volunteer rates over the three-year period, ranging from a high of 45.9% to a low of 17.5%. The results of that research provide nonprofits a way to calculate the value of volunteer time. That's a lot of money. As of 2020, the estimated value of a volunteer hour is 27.20 according to an Independent Sector report. For comprehensive data on the value of volunteer time across different states and over time, take a look at this useful article from the Independent Sector. In 2019, volunteer efforts contributed $187.7 billion to the United States. Washington, July 21, 2020 -- Today, Independent Sector, with the Do Good Institute, announces that the latest value of a volunteer hour is $27.20 – up 7% from the previous. States are listed in order of the highest volunteer rate to the lowest. Washington, July 21, 2020 (GLOBE NEWSWIRE) -- Today, Independent Sector, with the Do Good Institute, announces that the latest value of a volunteer … Independent Sector, in partnership with Do Good Institute, has just released the new national Value of Volunteer Time of $27.20 an hour.. As we know, volunteers are critical assets to civil society and all of our communities, especially in light of COVID-19. For example, 25,000 volunteer hours per year would equate to $680,000 in volunteer value, based on 2020 estimates. The organization Independent Sector estimates that the value of volunteer time for 2019 was $25.43 per hour. It's great that there are volunteers willing to help nonprofits free of charge. independent sector volunteer worth These are all attributes volunteers embody, but how can nonprofits determine the value of a volunteer hour?