Independent Sector calculates value of volunteer service at $34.79/hour for 2024

The latest analysis by the Independent Sector (IS) calculates the average value of volunteer service in 2024 at $34.79, up 3.9% from the prior year's $33.49 per hour and the $31.8 per hour estimate for the year before. According to the IS data, this continues a years‐long trend of sizeable increases, going back to 2018 when the value of volunteer service jumped by 7.4%. It also outpaces the rate of inflation in the overall economy, the researchers said.

Publication Details

Journal
Nonprofit Business Advisor
Published
2025-06-16
DOI
https://doi.org/10.1002/nba.32983
Primary Topic
Nonprofit Sector and Volunteering
Type
article
Field-Weighted Citation Impact
0.00
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article

Independent Sector calculates value of volunteer service at $34.79/hour for 2024

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Nonprofit Business Advisor
Nonprofit Sector and Volunteering
article

Independent Sector calculates value of volunteer service at $34.79/hour for 2024

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Abstract

The latest analysis by the Independent Sector (IS) calculates the average value of volunteer service in 2024 at $34.79, up 3.9% from the prior year's $33.49 per hour and the $31.8 per hour estimate for the year before. According to the IS data, this continues a years‐long trend of sizeable increases, going back to 2018 when the value of volunteer service jumped by 7.4%. It also outpaces the rate of inflation in the overall economy, the researchers said.

Nonprofit Business AdvisorVol. 2025(430)
Openalex Percentile: Top 82%
Nonprofit Sector and Volunteering
DOISourceOpenAlex
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Independent Sector calculates value of volunteer service at $34.79/hour for 2024 · Nonprofit Business Advisor (2025) | TGRS Research Map | TGRS