New Mexico Campaign Finance Overview
New Mexico ranks 29th among all U.S. states and territories in total federal campaign fundraising for the 2024 election cycle. Federal candidates from New Mexico raised a combined $35.6M and spent $35.4M during this period. The state is home to 14 federal candidates who filed with the Federal Election Commission.
Individual donors from New Mexico ZIP codes contributed $61.6M across 333 ZIP codes tracked in FEC filings, making the state a significant source of political contributions nationwide.
Party Breakdown in New Mexico
| Party | Candidates | Total Raised | Share |
|---|---|---|---|
| Democrats | 4 | $23.7M | 66.7% |
| Republicans | 8 | $11.8M | 33.3% |
Democratic candidates in New Mexico outraised their Republican counterparts by $11.9M, reflecting the state's fundraising dynamics in the 2024 cycle.
Office Breakdown: Senate vs House
| Office | Candidates | Total Raised |
|---|---|---|
| Senate | 7 | $20.2M |
| House | 7 | $15.3M |
Top 10 Fundraising Candidates in New Mexico
| Rank | Candidate | Party | Office | Total Raised |
|---|---|---|---|---|
| 1 | Heinrich, Martin | DEM | Senate | $13.2M |
| 2 | Vasquez, Gabriel | DEM | House | $7.0M |
| 3 | Domenici, Nella Louise Louise | REP | Senate | $7.0M |
| 4 | Herrell, Stella Yvette | REP | House | $4.5M |
| 5 | Leger Fernandez, Teresa | DEM | House | $2.1M |
| 6 | Stansbury, Melanie | DEM | House | $1.4M |
| 7 | Jones, Steve | REP | House | $217K |
| 8 | Clahchischilliage, Sharon | REP | House | $88K |
| 9 | Sanchez, Louie | REP | House | $28K |
| 10 | Luna, Benjamin Ralph #1728 | IDP | Senate | $9K |
Top Donor ZIP Codes in New Mexico
| ZIP Code | City | Total Donated |
|---|---|---|
| 87505 | Santa FE | $5.7M |
| 87501 | Santa FE | $5.5M |
| 87107 | Albuquerque | $2.7M |
| 87122 | Albuquerque | $2.6M |
| 87506 | Santa FE | $2.5M |
| 87111 | Albuquerque | $2.3M |
| 87508 | Santa FE | $1.7M |
| 87110 | Albuquerque | $1.7M |
| 87106 | Albuquerque | $1.5M |
| 87125 | Albuquerque | $1.4M |
The wealthiest donor ZIP code in New Mexico is 87505 in Santa FE, where individual donors contributed $5.7M to federal campaigns.
Fundraising vs Spending
Across all federal candidates in New Mexico, total spending reached $35.4M against $35.6M raised, representing a 99% burn rate. Candidates in this state retained a portion of their fundraising for future use or reserves.
Frequently Asked Questions
How much money was raised by federal candidates in New Mexico in 2024?
Federal candidates from New Mexico raised a combined $35.6M during the 2024 election cycle, ranking the state 29th out of all U.S. states and territories. This includes 4 Democratic and 8 Republican candidates who filed with the FEC.
Which candidate raised the most money in New Mexico?
The top fundraiser in New Mexico was Heinrich, Martin, who raised $13.2M running for Senate as a DEM candidate.
What ZIP code in New Mexico donates the most to political campaigns?
ZIP code 87505 in Santa FE, New Mexico is the top-donating ZIP code with $5.7M in individual contributions to federal campaigns.
Do Democrats or Republicans raise more money in New Mexico?
Democrats outraise Republicans in New Mexico, with Democratic candidates collecting $23.7M (66.7%) compared to $11.8M (33.3%) for Republicans.
Methodology
All data is sourced from Federal Election Commission filings for the 2024 election cycle. Candidate totals reflect money raised and spent as reported in official FEC filings. Donor ZIP code totals are based on itemized individual contribution records where the donor's residence is in New Mexico. Party classifications reflect the candidate's FEC filing designation.