UPDATED: How Much is a Volunteer's Time Worth?

I am hearing that many of you are working on your impact reports and starting to take a look at your year as a whole. One great indicator is the amount of volunteer time has been contributed to your programs and how much that time is worth.

This year, the amount an hour of volunteer's time is worth has been adjusted. So please use this figure in all your reports and impacts that you create.

For FY2014, one hour of volunteer time in the state of Arkansas is worth $22.55. 

The value of a volunteer's time is calculated by Independent Sector, which is a Washington, D.C. think tank who establishes a dollar value of a volunteer's time and the Arkansas Division of Community Service and Nonprofit Support (a division of DHS) utilizes this figure.

So please use this figure in all your reports and impacts that you create. If you have any questions about the current figure, feel free to contact Program and Staff Development at 501-671-2086.