Not exact matches
Several
charity -
run lotteries don't even fare that well.
In their own annual reports,
charities often exclude expenses involved in
running special events and
lotteries, but we include them, as we feel these are hard costs that should be accounted for.
More than 20 of the largest 100
charities in Canada
run lotteries, but half of them fail to get a 50 % return on their investment.
While many
charities don't include the costs involved in
running lotteries in the fundraising ratios in their annual reports, we do include them, as we feel that these are hard costs that are spent acquiring funds.
The
charity netted $ 18 - million from two
lotteries it
ran in 2012, but it cost almost $ 39 - million to
run them.