The economic value of volunteerism continues to climb in the United States. According to Independent Sector and the Do Good Institute, the estimated value of a volunteer hour in 2025 has reached $34.79—a 3.9% increase from the previous year (Independent Sector).
This figure does more than put a price tag on service. It highlights the measurable impact volunteers have on nonprofits, local communities, and the broader economy. For leadership management professionals like Tracy Ingersoll, the data offers a vital tool for advocacy and reporting.
Why It Matters
Nonprofits often struggle to convey the full return on volunteer programs. By multiplying total volunteer hours by this national (or state-specific) rate, organizations can show stakeholders the scale of their impact in dollars. It’s an easy way to illustrate how volunteer programs extend budgets, expand services, and strengthen communities.
For example, 5,000 volunteer hours in a single year translate to more than $173,000 in value. When presented in annual reports, grant applications, or donor updates, these figures strengthen the case for further funding and support.
Beyond the Numbers
While the dollar value is compelling, it’s also important to remember what it doesn’t capture: the social connection, skills, and morale that volunteers bring. Tracy Ingersoll, human services professional, emphasizes that the human side of service is equally critical, even if it’s harder to quantify.
Still, the ability to calculate and communicate an economic equivalent gives nonprofits credibility with funders and policymakers. It positions volunteer engagement not as “extra help” but as a core driver of organizational success.
As volunteerism evolves in response to social and economic shifts, recognizing its true value—both financial and intangible—remains essential.
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