LARSEN, RICK -- Democratic Candidate for U.S. House of Representatives
PAC-Driven Fundraising with Negative Cash Position
LARSEN, RICK is a Democratic candidate running for U.S. House of Representatives in Washington, District 02 during the 2024 election cycle. This page provides a comprehensive campaign finance profile based on official FEC filings, including fundraising totals, spending analysis, and funding source breakdowns.
Candidate Profile
The following profile is based on Federal Election Commission (FEC) records for LARSEN, RICK's 2024 campaign.
- Candidate Name: LARSEN, RICK
- Party Affiliation: Democratic
- Office Sought: U.S. House of Representatives
- State: Washington
- District: 02
- Election Cycle: 2024
- FEC Candidate ID: H0WA02080
- Spending Rate: 101% of funds raised have been spent
AI Funding Analysis
LARSEN, RICK has raised $2.5M for the 2024 House race in Washington, with $2.5M spent and $247K cash on hand. Individual contributions make up 0.0% of total receipts, while PAC contributions account for 60.0%. Primarily funded by PACs, with no individual contributions. Significant reliance on organizational contributions, indicating a PAC/org-reliant fundraising strategy. Net negative cash position, indicating spending exceeded fundraising. Burn rate of 101%, suggesting rapid spending without corresponding revenue growth.
Campaign Fundraising Summary
LARSEN, RICK has raised $2.5M for their 2024 House campaign in Washington. The campaign has spent $2.5M (101% of total raised) and currently holds $247K in cash on hand.
| Metric | Amount |
|---|---|
| Total Raised | $2.5M |
| Total Spent | $2.5M |
| Cash on Hand | $247K |
| Spending Rate | 101% |
With a spending rate of 101%, LARSEN, RICK's campaign has deployed nearly all of its raised funds. This high burn rate is typical of competitive races where candidates invest heavily in advertising, staffing, and voter outreach.
Funding Sources Breakdown
The following table breaks down where LARSEN, RICK's campaign funds come from. Understanding the mix of funding sources reveals how a candidate's campaign is financially supported.
| Source | Amount | % of Total |
|---|---|---|
| PAC Contributions | $1.5M | 60% |
| Other Sources | $981K | 40% |
PAC Contributions represent the largest funding category at $1.5M (60% of total raised). Significant PAC funding indicates support from organized interest groups, industry associations, and political action committees that align with the candidate's policy positions.
AI Funding Analysis
LARSEN, RICK's campaign is funded by individual contributions (0.0%, $0), PAC contributions (60.0%, $1.5M), and party committee transfers (0.0%, $0). Other sources account for $981K (40.0%).
Donor Patterns
LARSEN, RICK's campaign relies heavily on PAC and organizational support, which accounts for 60.0% of total receipts. Key donor sectors include PACs, Other sources, No individual contributions. High PAC contribution percentage (60%) with no party contributions.
Spending Analysis
LARSEN, RICK has spent $2.5M, which is 100.5% of total receipts. Cash on hand stands at $247K. Net negative cash position of $2,215,448.16.
Competitiveness Assessment
LARSEN, RICK's financial position is weak for a House race in Washington. The campaign has raised $2.5M with $247K remaining. Burn rate of 101% indicates spending outpaced revenue.
Key Donors Analysis
PAC contributions total $1.5M. Key sectors and interest groups represented among donors include PACs, Other sources, No individual contributions. Primary funding source is PACs, with no individual donor support.
Top Donors
| Donor | Type | Amount |
|---|---|---|
| Political Action Committees | PAC | $1.5M |
| PACs | Sector | $0 |
| Other sources | Sector | $0 |
| No individual contributions | Sector | $0 |
Race Opponents: 2024 House Washington District 02
The following candidates are competing in the same 2024 House race in Washington, District 02 as LARSEN, RICK.
| Candidate | Party | Total Raised | Total Spent |
|---|---|---|---|
| LARSEN, RICK (current) | Democratic | $2.5M | $2.5M |
| HERMANSON, DEVIN | Democratic | $30K | $30K |
| BINDA, JOSHUA | Democratic | $9K | $8K |
| STICKLE, HERBERT EDWIN | Democratic | $4K | $3K |
| JOHNSON, LEIF D | Republican | $9K | $9K |
| CALL, JASON | GRE | $77K | $80K |
LARSEN, RICK has raised more than all opponents in this race. The fundraising advantage ratio is 80.6:1.
Other Candidates in Washington
Top-raising federal candidates in Washington during the 2024 election cycle.
- CANTWELL, MARIA (DEM, Senate) -- $13.0M raised
- GLUESENKAMP PEREZ, MARIE (DEM, House) -- $11.9M raised
- SCHRIER, KIM DR. (DEM, House) -- $6.5M raised
- DELBENE, SUZAN K (DEM, House) -- $3.9M raised
- MCMORRIS RODGERS, CATHY (REP, House) -- $3.6M raised
Democratic House Race in Washington
LARSEN, RICK is competing as a Democratic candidate for U.S. House of Representatives in Washington, District 02. U.S. House races are held every two years, with each of the 435 House districts electing one representative. House campaigns vary dramatically in cost depending on the competitiveness and media market of the district.
To explore other candidates running in Washington, visit the Washington campaign finance page. You can also browse all Democratic candidates or view all House races nationwide.
Frequently Asked Questions
How much has LARSEN, RICK raised?
LARSEN, RICK has raised a total of $2.5M for the 2024 election cycle. Of that, $2.5M has been spent, leaving $247K cash on hand. Individual contributions account for $0, PAC contributions for $1.5M, and party committee transfers for $0.
Where does LARSEN, RICK's campaign money come from?
LARSEN, RICK's campaign is funded by individual contributions (0.0%), PAC contributions (60.0%), party committee transfers (0.0%). PAC and organizational money is the primary funding source.
How much has LARSEN, RICK spent?
LARSEN, RICK has spent $2.5M of $2.5M raised, which is 100.5% of total receipts. The campaign has $247K remaining cash on hand.
How much cash does LARSEN, RICK have on hand?
LARSEN, RICK currently has $247K in cash on hand. This represents the difference between $2.5M raised and $2.5M spent during the 2024 cycle.
How much PAC money has LARSEN, RICK received?
LARSEN, RICK has received $1.5M from political action committees, representing 60.0% of total campaign funds. PAC money is the largest funding source.
What party is LARSEN, RICK affiliated with?
LARSEN, RICK is running as a Democratic candidate for House in Washington. The campaign has raised $2.5M for the 2024 election cycle.
What is LARSEN, RICK's campaign burn rate?
LARSEN, RICK's campaign has a burn rate of 101%, having spent $2.5M of $2.5M raised. The campaign is spending nearly all funds raised, leaving minimal reserves.
Is LARSEN, RICK financially competitive?
LARSEN, RICK's financial position is weak for a House race. The campaign has raised $2.5M with $247K cash on hand. No individual contributions, relying solely on PACs and other sources.
What does LARSEN, RICK's donor base reveal about their coalition?
LARSEN, RICK's funding profile is PAC and organization-funded. High PAC contribution percentage (60%) with no party contributions.
What are the financial strengths and risks for LARSEN, RICK's campaign?
Net negative cash position of $2,215,448.16.
How does LARSEN, RICK's fundraising compare to similar campaigns?
Burn rate of 101% indicates spending outpaced revenue.
What should voters know about LARSEN, RICK's campaign finances?
Primary funding source is PACs, with no individual donor support.
Understanding Campaign Finance Data
Campaign finance data in the United States is regulated by the Federal Election Commission (FEC). All federal candidates -- including those running for President, U.S. Senate, and U.S. House of Representatives -- are required to file periodic financial reports disclosing their campaign contributions and expenditures.
Key terms used in campaign finance reporting include:
- Total Raised (Receipts): The total amount of money received by the campaign from all sources, including individual donors, PACs, party committees, and candidate self-funding.
- Total Spent (Disbursements): The total amount of money the campaign has spent on operations, advertising, payroll, travel, and other campaign activities.
- Cash on Hand: The amount of money remaining in the campaign's accounts after subtracting expenditures from receipts. This represents available resources for future spending.
- Individual Contributions: Donations from individual citizens, subject to contribution limits set by FEC regulations.
- PAC Contributions: Donations from Political Action Committees, which pool contributions from members to support candidates who share their policy interests.
- Party Contributions: Funds provided by national, state, or local party committees to support their party's candidates.
- Candidate Self-Funding: Personal funds contributed or loaned to the campaign by the candidate themselves. Self-funding is not subject to the same contribution limits as outside donations.
All data shown on ReadTheDonation is sourced from official FEC public records. Campaign finance disclosure is a cornerstone of American democratic transparency, allowing voters to understand who is funding political campaigns and how that money is being spent.
Official Source
View the full FEC filing for LARSEN, RICK: FEC.gov -- LARSEN, RICK
Related Candidates and Resources
- Washington Campaign Finance -- Explore all candidates running in Washington
- Democratic Candidates -- View all Democratic candidates and their fundraising
- House Races -- Browse all House campaigns nationwide
- Top Donors -- See the largest campaign donors across all candidates
- Search Candidates -- Search for any federal candidate or committee
- FEC Official Filing -- Verify LARSEN, RICK's data directly at FEC.gov
AI-generated analysis from FEC public data. Nonpartisan and informational only.