Volunteer Time Value Pegged at $193 Billion
The value of a volunteer hour was estimated to be $24.14 in 2016, up 2.5 percent from $23.56 the previous year. More than 63 million Americans volunteered about 8 billion hours, which would equate to about $193 billion based on that hourly value. Religious organizations were most popular among volunteers (34 percent), followed by educational…