The 2024 Party Fundraising Landscape
The 2024 federal election cycle saw massive fundraising by both major parties. Democratic candidates collectively raised $4.42B (70.6% of major-party total), while Republican candidates raised $1.84B (29.4%).
Head-to-Head Comparison
| Metric | Democrats | Republicans |
|---|---|---|
| Total Raised | $4.42B | $1.84B |
| Total Spent | $4.36B | $1.83B |
| Candidates | 931 | 1,056 |
| Avg. per Candidate | $4.7M | $1.7M |
Breakdown by Office
| Office | DEM Raised | DEM Candidates | REP Raised | REP Candidates |
|---|---|---|---|---|
| President | $2.38B | 16 | $247.3M | 37 |
| Senate | $993.5M | 87 | $609.0M | 126 |
| House | $1.05B | 828 | $984.4M | 893 |
Spending vs Fundraising
Democratic candidates spent $4.36B of the $4.42B they raised (99% burn rate). Republican candidates spent $1.83B of the $1.84B they raised (99% burn rate).
What Drives the Gap?
Fundraising differences between parties can be attributed to several factors: the competitiveness of individual races, the presence of high-profile candidates who attract national donations, and the intensity of grassroots small-dollar fundraising programs.
Methodology
Data reflects FEC filings for federal candidates in the 2024 election cycle. Party totals include all candidates who filed with the FEC under each party designation.