Is the cost of a raffle ticket deductible?
Last updated on: October 5, 1999 Description: Purchasing a ‘chance’ to win something does not count as a charitable deduction. • Criteria for Nonprofits’ Operating Reserves Last updated on: January 24, 2003 Description: This article by Tom Raffa discusses nonprofit organizations need to maintain the balance between operating income and expenses to be prepared to weather periods with revenue shortfalls.
