WASHINGTON (Gray DC) -- ‘Tis the season of giving.
“A lot of people take this time to give back to their local communities or on a national or global level," said Jill Gonzalez, an analyst with personal finance website WalletHub.com
WalletHub is out with its list of “Most Charitable States.”
“We looked at everything from the volunteer rate and volunteer retention rate to the number of food and homeless shelters per capita to the number of hours and monetary donations residency have done," explained Gonzalez.
Gonzalez and her team found the most charitable state is Utah, followed by Minnesota, North Dakota, Maryland, and Oklahoma.
According to the report, Utah had the highest volunteer rate – 39.3%. People there also donate the most – 6.6% of their income.
For people at home trying to decide whether to donate time versus money, WalletHub has designed a charity calculator to figure out how beneficial that time or money would be to certain charities.
“We’ve seen that some [charities] now rely on donations to cover administrative costs, advertising costs," said Gonzalez. "We were looking for the exact opposite of that…to see what percentage of your donation is helping those you think it is going to.”
There are just a few days left to make a monetary donation for a 2016 tax write-off.
For the full list of most charitable states and a link to the charity calculator, click on "related links."