The United States will hold its 60th presidential election on November 5, 2024. The winner of the 2024 presidential election will be sworn into office on January 20, 2025.
“Incumbent President Joe Biden (D) leads the Democratic primary field in fundraising with $20 million in receipts,” said Ballotpedia. He is followed by environmental lawyer Robert F. Kennedy Jr. (D) with $6 million and author Marianne Williamson (D) with $2 million. Kennedy currently leads in campaign spending with $1.8 million in disbursements, followed by Williamson with $1.6 million, and Biden with $1.1 million.
“The chart shows total receipts, contributions, and disbursements for each noteworthy Democratic presidential candidate through June 30, 2023. It only displays data for principal campaign committees, not candidate-affiliated PACs,” said Ballotpedia.
Former President Donald Trump (R) currently leads the field of Republican presidential primary candidates in fundraising with $32.2 million in cumulative receipts. He is followed by Florida Governor Ron DeSantis (R) with $20.1 million, entrepreneur Vivek Ramaswamy (R) with $19.1 million, North Dakota Governor Doug Burgum with $11.8 million, and former U.N. Ambassador Nikki Haley (R) with $10.5 million.
“The chart below shows total receipts, contributions, and disbursements for each noteworthy Republican presidential candidate through June 30, 2023. It only displays data for principal campaign committees, not candidate-affiliated PACs,” said Ballotpedia.
In reports to the FEC, political campaigns must distinguish between receipts and contributions. All contributions are receipts, but not all receipts are contributions. Receipt is a broad term for all money that goes into a campaign account. While contributions from individuals often make up the majority of a campaign’s receipts, money can also come from other sources such as loans taken out by the campaign, dividends or interest on loans or investments made by the campaign, transfers of money from other political committees, and offsets to a campaign’s expenditures in the form of rebates or refunds.
Contributions from individuals make up a majority of ten Republican candidates’ receipts. A majority of Trump’s receipts come from transfers from other political action committees (91%), and a majority of Burgum’s (87%) and Ramaswamy’s (80%) receipts come from loans from the candidate.
The following chart shows fundraising for major presidential campaigns broken out into contributions, transfers from other political committees, loans, offsets to expenditures, and miscellaneous receipts as of the July 2023 quarterly campaign finance reports.
Produced in association with Ballotpedia
Edited by Judy J. Rotich and Newsdesk Manager