The Nonprofit FAQ: Gambling

Select an FAQ   (3):

How does the IRS treat nonprofits' gambling revenues? 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? There are a lot of hoops to jump through.