GALDO, DAMON M -- Republican Candidate for U.S. House of Representatives
Primarily PAC/org-funded, weak fundraising strategy
GALDO, DAMON M is a Republican candidate running for U.S. House of Representatives in New Jersey, District 01 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 GALDO, DAMON M's 2024 campaign.
- Candidate Name: GALDO, DAMON M
- Party Affiliation: Republican
- Office Sought: U.S. House of Representatives
- State: New Jersey
- District: 01
- Election Cycle: 2024
- FEC Candidate ID: H2NJ01187
- Spending Rate: 101% of funds raised have been spent
AI Funding Analysis
GALDO, DAMON M has raised $18K for the 2024 House race in New Jersey, with $18K spent and $68.79 cash on hand. Individual contributions make up 0.0% of total receipts, while PAC contributions account for 0.0%. No individual contributions or self-funding, relying solely on other sources. High burn rate, spending more than raised. Primarily funded by PACs/orgs, indicating a lack of grassroots support. Weak cash position, with negative net cash.
Campaign Fundraising Summary
GALDO, DAMON M has raised $18K for their 2024 House campaign in New Jersey. The campaign has spent $18K (101% of total raised) and currently holds $68.79 in cash on hand.
| Metric | Amount |
|---|---|
| Total Raised | $18K |
| Total Spent | $18K |
| Cash on Hand | $68.79 |
| Spending Rate | 101% |
With a spending rate of 101%, GALDO, DAMON M'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 GALDO, DAMON M's campaign funds come from. Understanding the mix of funding sources reveals how a candidate's campaign is financially supported.
| Source | Amount | % of Total |
|---|---|---|
| Individual & Other Contributions | $18K | 100% |
Individual & Other Contributions represent the largest funding category at $18K (100% of total raised). This funding source contributes the largest share of the campaign's total raised.
AI Funding Analysis
GALDO, DAMON M's campaign is funded by individual contributions (0.0%, $0), PAC contributions (0.0%, $0), and party committee transfers (0.0%, $0). Other sources account for $18K (100.0%).
Donor Patterns
GALDO, DAMON M's campaign relies heavily on PAC and organizational support, which accounts for 0.0% of total receipts. Key donor sectors include PAC/org, None, None. Spent more than raised, indicating financial inefficiency.
Spending Analysis
GALDO, DAMON M has spent $18K, which is 100.8% of total receipts. Cash on hand stands at $68.79. Negative cash position despite spending, suggesting financial strain.
Competitiveness Assessment
GALDO, DAMON M's financial position is weak for a House race in New Jersey. The campaign has raised $18K with $68.79 remaining. No self-funding, relying entirely on external sources.
Key Donors Analysis
Key sectors and interest groups represented among donors include PAC/org, None, None. High burn rate, spending 101% of funds raised.
Top Donors
| Donor | Type | Amount |
|---|---|---|
| PAC/org | Sector | $0 |
| None | Sector | $0 |
| None | Sector | $0 |
Race Opponents: 2024 House New Jersey District 01
The following candidates are competing in the same 2024 House race in New Jersey, District 01 as GALDO, DAMON M.
| Candidate | Party | Total Raised | Total Spent |
|---|---|---|---|
| GALDO, DAMON M (current) | Republican | $18K | $18K |
| LIDDELL, THEODORE M. | Republican | $27K | $26K |
| NORCROSS, DONALD W | Democratic | $2.2M | $1.0M |
GALDO, DAMON M has raised less than all opponents in this race. The fundraising advantage ratio is 0.6:1.
Other Candidates in New Jersey
Top-raising federal candidates in New Jersey during the 2024 election cycle.
- KIM, ANDY (DEM, Senate) -- $12.4M raised
- MENENDEZ, ROBERT (IND, Senate) -- $11.0M raised
- GOTTHEIMER, JOSH (DEM, House) -- $10.2M raised
- ALTMAN, SUSAN COPIUS (DEM, House) -- $6.3M raised
- KEAN, THOMAS H. JR. (REP, House) -- $6.0M raised
Republican House Race in New Jersey
GALDO, DAMON M is competing as a Republican candidate for U.S. House of Representatives in New Jersey, District 01. 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 New Jersey, visit the New Jersey campaign finance page. You can also browse all Republican candidates or view all House races nationwide.
Frequently Asked Questions
How much has GALDO, DAMON M raised?
GALDO, DAMON M has raised a total of $18K for the 2024 election cycle. Of that, $18K has been spent, leaving $68.79 cash on hand. Individual contributions account for $0, PAC contributions for $0, and party committee transfers for $0.
Where does GALDO, DAMON M's campaign money come from?
GALDO, DAMON M's campaign is funded by individual contributions (0.0%), PAC contributions (0.0%), party committee transfers (0.0%). PAC and organizational money is the primary funding source.
How much has GALDO, DAMON M spent?
GALDO, DAMON M has spent $18K of $18K raised, which is 100.8% of total receipts. The campaign has $68.79 remaining cash on hand.
How much cash does GALDO, DAMON M have on hand?
GALDO, DAMON M currently has $68.79 in cash on hand. This represents the difference between $18K raised and $18K spent during the 2024 cycle.
What party is GALDO, DAMON M affiliated with?
GALDO, DAMON M is running as a Republican candidate for House in New Jersey. The campaign has raised $18K for the 2024 election cycle.
What is GALDO, DAMON M's campaign burn rate?
GALDO, DAMON M's campaign has a burn rate of 101%, having spent $18K of $18K raised. The campaign is spending nearly all funds raised, leaving minimal reserves.
Is GALDO, DAMON M financially competitive?
GALDO, DAMON M's financial position is weak for a House race. The campaign has raised $18K with $68.79 cash on hand. 100% of funds came from PACs/orgs, no individual contributions.
What does GALDO, DAMON M's donor base reveal about their coalition?
GALDO, DAMON M's funding profile is mixed-source. Spent more than raised, indicating financial inefficiency.
What are the financial strengths and risks for GALDO, DAMON M's campaign?
Negative cash position despite spending, suggesting financial strain.
How does GALDO, DAMON M's fundraising compare to similar campaigns?
No self-funding, relying entirely on external sources.
What should voters know about GALDO, DAMON M's campaign finances?
High burn rate, spending 101% of funds raised.
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 GALDO, DAMON M: FEC.gov -- GALDO, DAMON M
Related Candidates and Resources
- New Jersey Campaign Finance -- Explore all candidates running in New Jersey
- Republican Candidates -- View all Republican 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 GALDO, DAMON M's data directly at FEC.gov
AI-generated analysis from FEC public data. Nonpartisan and informational only.