Campaign money · 2023–24

All the money

Every dollar federal campaigns reported for 2023–24: candidates, party committees, PACs, super PACs and outside spending. Money passed from one committee to another is counted once, where it first came in.

Federal campaign money, 2023–24
$17.4B
Candidates and party committees: D $3.6B · R $2.17B
Outside spending, 2023–24
$4.44B
Independent expenditures plus electioneering communications

Some political spending is legally undisclosed and isn’t counted here.

Candidates

WhoRaisedSpentCash on handDebtsRaised by partyAs ofSource
House candidates$2,087,985,829.42$1,944,325,236.44$521,260,483.76$265,821,556.86D $1.07B · R $996M · other $20MJanuary 30, 2025FEC
Senate candidates$1,675,863,986.17$1,709,135,310.51$344,337,074.30$278,542,944.93D $1.01B · R $628M · other $41MDecember 31, 2024FEC
Presidential candidates$1,675,921,570.37$1,673,613,130.48$8,250,556.45$64,506,605.43D $1.38B · R $208M · other $85MJanuary 31, 2025FEC

Where candidates’ money came from

Party committees

WhoRaisedSpentCash on handDebtsRaised by partyAs ofSource
DNCDemocratic National Committee$683,665,789.81$692,095,414.04$22,122,489.78$0.00DemocraticDecember 31, 2024FEC
RNCRepublican National Committee$475,764,008.28$452,002,717.20$38,065,147.99$0.00RepublicanDecember 31, 2024FEC
DCCCDemocratic Congressional Campaign Committee$339,935,852.88$331,933,274.36$24,232,592.09$20,000,000.00DemocraticDecember 31, 2024FEC
NRSCNational Republican Senatorial Committee$296,513,913.40$301,957,490.10$2,734,159.15$17,000,000.00RepublicanDecember 31, 2024FEC
DSCCDemocratic Senatorial Campaign Committee$275,526,331.39$272,703,572.38$11,417,976.88$20,000,000.00DemocraticDecember 31, 2024FEC
NRCCNational Republican Congressional Committee$236,307,296.49$219,752,099.68$11,084,115.74$15,000,000.00RepublicanDecember 31, 2024FEC
State and local parties (federal accounts)$1,405,395,556.58$1,382,533,139.02$79,216,050.60$4,287,521.35D $880M · R $513M · other $12MDecember 31, 2024FEC

Coordinated party expenditures (spent by parties in coordination with their candidates): $89,072,507.11. Transfers from state parties’ non-federal accounts: $109,438,450.77.

PACs

WhoRaisedSpentCash on handDebtsRaised by partyAs ofSource
Connected PACsCompany, union and trade-group PACs. Gave to candidates: D $172M · R $188M · other $4.4M$1,158,863,966.54$1,145,111,252.95$578,998,017.42$6,429,575.04D $86 · R $0 · other $1.16BJune 30, 2025FEC
Non-connected PACsIdeological and issue PACs. Gave to candidates: D $22M · R $23M · other $870K$543,294,367.67$542,676,390.65$106,620,262.88$4,923,419.00D $25M · R $25M · other $494MJanuary 31, 2025FEC
Leadership PACsPACs run by officeholders. Gave to candidates: D $26M · R $37M · other $1.9M$857,536,365.49$829,470,681.16$124,323,956.18$12,935,497.75D $6.8M · R $499M · other $352MDecember 31, 2024FEC

Connected PACs by sponsor: unions $403M · companies $401M · membership groups $176M · trade groups $170M · cooperatives $8.4M raised.

PACs’ raised money is not split by party; the note under each line shows where their contributions to candidates went.

Super PACs and hybrid PACs

WhoRaisedSpentCash on handDebtsRaised by partyAs ofSource
Super PACsIndependent expenditures reported: $2,723,471,785.94$5,101,081,131.47$5,014,683,013.18$439,489,769.43$48,576,722.13D $104K · R $174K · other $5.1BJanuary 31, 2025FEC
Hybrid PACsIndependent expenditures reported: $1,372,423,550.81$2,581,453,280.16$2,517,026,203.37$169,156,714.86$10,667,747.70D $27M · R $136M · other $2.42BDecember 31, 2024FEC

Super PACs’ raised money is not split by party; outside spending below shows whom it was spent for and against.

Largest organizational donors to the biggest super PACs

Companies, unions, PACs and other organizations only. People who give are counted in the totals but are never named here. A pass-through donor is an LLC or a group that reports political spending as a non-committee: the original source of its money is not disclosed.

FF PAC · raised $559,289,965.96
  • UA UNION PLUMBERS & PIPEFITTERS VOTE! PAC$5,000.00

FEC filings

MAKE AMERICA GREAT AGAIN INC. · raised $410,509,931.12
  • ESAFUND$1,000,000.00
  • EXTREMITY CARE LLC pass-through donor$1,000,000.00
  • AMERICA FIRST ACTION, INC.$1,000,000.00
  • M8 ENTERPRISES LLC pass-through donor$1,000,000.00
  • RJC VICTORY FUND$250,000.00
  • AMERICA 21 PAC$200,000.00
  • 34N22, INC.$200,000.00
  • DON MCGILL OF KATY LLC pass-through donor$200,000.00

FEC filings

SMP · raised $389,968,278.37
  • WORKING FOR WORKING AMERICANS FEDERAL$12,000,000.00
  • DEMOCRACY PAC II$6,500,000.00
  • DEMOCRACY PAC$6,000,000.00
  • NEA ADVOCACY FUND$4,500,000.00
  • AMERICAN FEDERATION OF TEACHERS, AFL-CIO COPE$3,000,000.00
  • LABORERS' INTERNATIONAL UNION OF NORTH AMERICA PAC$3,000,000.00
  • EARN INTERNATIONAL UNION OF OPERATING ENGINEERS$2,375,000.00
  • COMMUNICATIONS WORKERS OF AMERICA WORKING VOICES$2,110,000.00

FEC filings

WINSENATE · raised $313,145,191.37
  • SMP$312,850,000.00

FEC filings

SENATE LEADERSHIP FUND · raised $298,859,706.60
  • AH CAPITAL MANAGEMENT LLC pass-through donor$750,000.00
  • LMBI L.P.$250,000.00

FEC filings

AMERICA PAC · raised $263,494,648.67
  • UNITED STATES OF AMERICA INC$52,008,951.13
  • WCM INVESTMENTS LLC pass-through donor$500,000.00
  • EUROPA 100 LLC pass-through donor$83,831.00
  • GROUP AMERICA LLC pass-through donor$22,024.19

FEC filings

Outside spending

For and against, by party

The FEC has matched $4,368,892,366.59 of this to the candidates it was spent for or against so far; the rest is still being processed.

Independent expendituresForAgainst
Democratic candidates$1,069,566,243.33$1,452,354,925.61
Republican candidates$766,182,671.71$1,032,421,630.15
Other candidates$32,836,624.44$15,530,271.35
Matched to candidates$4,368,892,366.59

FEC totals of independent expenditures by candidate, retrieved October 24, 2026 (FEC). They come from the spenders’ regular reports; spending so recent that it appears only in 24- and 48-hour notices is not included yet.

Sources: FEC electioneering communications; FEC communication costs.

Money that is only partly visible

527 political organizations (IRS)Itemized contributionsItemized spendingAs ofSource
766 organizations that report to the IRS, not the FEC (count)Largest: Democratic Governors Association $173M · Republican Governors Association $131M · Republican State Leadership Committee - RSLC $97M · AFSCME Working Families Fund $55M · Democratic Legislative Campaign Committee $48M · Republican Attorneys General Association $38M$1,195,213,617.00$1,220,536,529.00December 31, 2024IRS Form 8872 data

These groups (such as the governors’ associations) mostly work on state races. Their Form 8872 reports list contributions and spending of $200 or more, so smaller amounts are not included. They are shown on their own line and are not added to the federal total. Donation platforms’ non-federal accounts, which pass money on to state campaigns, are left out.

Some political spending is legally undisclosed and isn’t counted here.

Shown but not added in

WhoRaisedSpentCash on handDebtsRaised by partyAs ofSource
Joint fundraising committeesRaise money and split it among their members. Counted once when raised; the $2,356,811,920.93 they passed on is taken out of the receiving committees.$3,492,315,570.60$3,443,916,903.82$77,200,168.11$987,767.00D $45M · R $63M · other $3.38BDecember 31, 2024FEC

Donation platforms that forward contributions earmarked for candidates and committees: WINRED $1,686,456,165.90, ACTBLUE $3,821,173,165.20. The receiving campaigns report that money as their own contributions, so it is counted there and not again here.

How we built this total

The total starts with every receipt reported to the FEC by federal candidates, party committees, PACs, super PACs and joint fundraising committees in 2023–24 (the FEC’s committee summary file, download, last updated Fri, 23 Oct 2026 10:13:50 GMT). Then:

  1. Receipts reported by every federal candidate, party, PAC, super PAC and joint fundraising committee$22,887,424,816.72
  2. Less transfers from other committees (joint fundraising distributions, party and affiliated transfers)−$3,334,678,708.88
  3. Less contributions received from party committees−$80,159,498.08
  4. Less contributions received from PACs and other committees−$1,647,565,768.02
  5. Less contributions refunded to donors−$250,578,452.74
  6. Less refunds and rebates received (offsets to operating expenditures)−$229,545,214.26
  7. Less repayments received on loans the committee made−$6,045,199.83
  8. Plus spending by groups that are not political committees (independent expenditures, electioneering communications and communication costs)$101,862,047.65
  9. Federal campaign money, counted once$17,440,714,022.56

Each subtraction removes money that already counted once at another committee, or money that came back to the same committee. Donation platforms (ActBlue, WinRed) are left out because the campaigns they forward money to report it themselves. Loans are counted as money raised; repaying them is not counted as spending. The Democratic and Republican figures cover candidates and party committees only, after the same subtractions. Contributions from committees that do not report to the FEC (some state and local groups) are also subtracted, so the total may slightly understate new money. The FEC’s own statistics publish raised and spent by committee type without removing every transfer between types, so they add up to more than this total.

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