Scholarship on volunteering often highlights transformations in civic engagement and their implications for democracy and social cohesion. This article examines one influential perspective—the discourse of change in volunteering—emphasizing declining participation, shifts in organizational preferences, and changing forms of engagement. We critically review this discourse with attention to the Scandinavian context and compare its claims with empirical evidence on formal volunteering in Sweden from 1992 to 2024. Drawing on cross-sectional survey data, we analyze trends in the scope, structure, forms, and values of volunteering. Contrary to narratives of decline or radical transformation, our findings indicate relative stability. To interpret these findings, we apply the theoretical perspective of the “reversed social engine” and argue that resilience offers a valuable yet underexplored lens for understanding civil society. This perspective shifts attention from change to stability as a phenomenon warranting further study.