The latest analysis of U.S. economic data conducted by the Independent Sector pegs the average value of volunteer service in 2024 at $34.79, up 3.9% from the prior year's $33.49 per hour and the $31.8-per-hour estimate for the year before. According to the IS data, this continues a years-long trend of sizeable increases, going back to 2018 when the value of volunteer service jumped by 7.4%. It also outpaces the rate of inflation in the overall economy, the researchers said.
Recent research from the Points of Light network shows a chronic underinvestment in nonprofit volunteer recruitment and engagement—a problem that can be partly addressed by funders devoting additional resources to this area.
Having engaged board members is widely seen as critical to a nonprofit's success. And measuring their engagement levels through formal surveys can yield great insight that can help drive strategies to improve on this metric. But sometimes, surveys aren't really necessary, experts say—there are some tell-tale signs that board members are “phoning it in” instead of immersing themselves in their board service.
For too many nonprofits, the time and effort that goes into crafting a strategic plan all comes to naught because, once completed, the plan is swiftly ignored or the organization otherwise fails to implement it properly.
Ensuring an effective and efficient onboarding experience is key to getting your new board members engaged and hitting the ground running, experts say. But it is just as essential for nonprofit membership organizations when it comes to bringing new members into the fold.
Fraud is a pervasive and costly issue that can affect all types of organizations, including nonprofits. Nonprofit organizations are especially vulnerable due to limited resources, less staff and, in many cases, reliance on volunteers with minimal oversight. Fraud can not only result in financial losses but also erode public trust, leading to long-term damage to the organization's reputation.
The recent funding rescissions announced by the Trump administration has brought to light the importance of contingency planning for exigent financial circumstances. But other unpredictable aspects of a nonprofit's operations can also have an outsized impact on the organization and its ability to continue its programming uninterrupted—perhaps most notably, a sudden and unexpected change in leadership.
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