It can be difficult to place a value on time donated by volunteers, even though volunteer hours are one of the most important resources for nonprofit organizations.
Fortunately, Independent Sector has created a useful online tool for easily determining the value of donated time. The website breaks down the value of donated time by state and percentage, as well as providing historical data for comparison, and other useful tidbits such as this:
According to the Corporation for National and Community Service, about 62.6 million Americans, or 25.4 percent of the adult population, gave 7.7 billion hours of volunteer service worth $173 billion in 2013.
Click here to read more on the Value of Volunteer Time webpage.