The Nonprofit FAQ: Gambling
Select an FAQ (3):
| How does the IRS treat nonprofits' gambling revenues? (new version available) Many nonprofits rely on gambling activities to bring in much-needed revenue. IRS publication 3079 covers related taxes and other issues in detail. |
| Is the cost of a raffle ticket deductible? Purchasing a 'chance' to win something does not count as a charitable deduction. |
| Should we conduct a raffle? (new version available) There are a lot of hoops to jump through. |