Value of volunteer hour in USA goes up
Howard Lake | 25 April 2005 | News
Washington D.C.-based Independent Sector reports that the value of a volunteer hour in the USA has risen from $17.19 per hour in 2003 to $17.55 in 2004.
The estimate is reached using US Bureau of Labor statistics.
If accurate, it means that in 2004 volunteers contributed the equivalent of abuot $272 billion of service to nonprofit organisations.
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The value of the volunteer hour has risen for the past 25 years, with the value increasing by nearly $5 over the past 10 years.
About Howard Lake
Howard Lake is consultant editor of UK Fundraising. He founded the site in 1994 and successfully sold it in 2022. As director of Giving X Ltd he is exploring growing giving on a massive scale.
He is the founder of Fundraising Camp and co-founder of GoodJobs.