OLSEN, ERIK -- Republican Candidate for U.S. House of Representatives
Solely Funded by Other Sources, High Burn Rate
OLSEN, ERIK is a Republican candidate running for U.S. House of Representatives in Wisconsin, 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 OLSEN, ERIK's 2024 campaign.
- Candidate Name: OLSEN, ERIK
- Party Affiliation: Republican
- Office Sought: U.S. House of Representatives
- State: Wisconsin
- District: 02
- Election Cycle: 2024
- FEC Candidate ID: H2WI02181
- Spending Rate: 90% of funds raised have been spent
AI Funding Analysis
OLSEN, ERIK has raised $184K for the 2024 House race in Wisconsin, with $166K spent and $5K cash on hand. Individual contributions make up 0.0% of total receipts, while PAC contributions account for 0.0%. Relying solely on other sources, no individual or PAC contributions. High burn rate, indicating rapid spending. Negative cash position, suggesting financial strain. Primarily funded by other sources, not grassroots.
Campaign Fundraising Summary
OLSEN, ERIK has raised $184K for their 2024 House campaign in Wisconsin. The campaign has spent $166K (90% of total raised) and currently holds $5K in cash on hand.
| Metric | Amount |
|---|---|
| Total Raised | $184K |
| Total Spent | $166K |
| Cash on Hand | $5K |
| Spending Rate | 90% |
OLSEN, ERIK's campaign has spent 90% of its raised funds, maintaining a balance between active campaigning and building reserves. The remaining $5K in cash on hand provides flexibility for future spending.
Funding Sources Breakdown
The following table breaks down where OLSEN, ERIK'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 | $184K | 100% |
Individual & Other Contributions represent the largest funding category at $184K (100% of total raised). This funding source contributes the largest share of the campaign's total raised.
AI Funding Analysis
OLSEN, ERIK'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 $184K (100.0%).
Donor Patterns
OLSEN, ERIK's campaign relies heavily on PAC and organizational support, which accounts for 0.0% of total receipts. Key donor sectors include otherSources, grassrootsSignal, burnRatePct. 100% funding from other sources.
Spending Analysis
OLSEN, ERIK has spent $166K, which is 90.3% of total receipts. Burn rate of 90%, indicating rapid spending.
Competitiveness Assessment
OLSEN, ERIK's financial position is competitive for a House race in Wisconsin. The campaign has raised $184K with $5K remaining. Negative cash position of $5,419.13.
Key Donors Analysis
Key sectors and interest groups represented among donors include otherSources, grassrootsSignal, burnRatePct. Primarily funded by other sources, not grassroots.
Top Donors
| Donor | Type | Amount |
|---|---|---|
| otherSources | Sector | $0 |
| grassrootsSignal | Sector | $0 |
| burnRatePct | Sector | $0 |
Race Opponents: 2024 House Wisconsin District 02
The following candidates are competing in the same 2024 House race in Wisconsin, District 02 as OLSEN, ERIK.
| Candidate | Party | Total Raised | Total Spent |
|---|---|---|---|
| OLSEN, ERIK (current) | Republican | $184K | $166K |
| BARRY, CHARITY | Republican | $136K | $140K |
| POCAN, MARK | Democratic | $1.1M | $1.1M |
OLSEN, ERIK has raised more than all opponents in this race. The fundraising advantage ratio is 1.4:1.
Other Candidates in Wisconsin
Top-raising federal candidates in Wisconsin during the 2024 election cycle.
- BALDWIN, TAMMY (DEM, Senate) -- $59.6M raised
- HOVDE, ERIC (REP, Senate) -- $32.0M raised
- HOVDE, ERIC D (REP, Senate) -- $32.0M raised
- VAN ORDEN, DERRICK F. MR. (REP, House) -- $7.7M raised
- COOKE, REBECCA (DEM, House) -- $6.4M raised
Republican House Race in Wisconsin
OLSEN, ERIK is competing as a Republican candidate for U.S. House of Representatives in Wisconsin, 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 Wisconsin, visit the Wisconsin campaign finance page. You can also browse all Republican candidates or view all House races nationwide.
Frequently Asked Questions
How much has OLSEN, ERIK raised?
OLSEN, ERIK has raised a total of $184K for the 2024 election cycle. Of that, $166K has been spent, leaving $5K cash on hand. Individual contributions account for $0, PAC contributions for $0, and party committee transfers for $0.
Where does OLSEN, ERIK's campaign money come from?
OLSEN, ERIK'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 OLSEN, ERIK spent?
OLSEN, ERIK has spent $166K of $184K raised, which is 90.3% of total receipts. The campaign has $5K remaining cash on hand.
How much cash does OLSEN, ERIK have on hand?
OLSEN, ERIK currently has $5K in cash on hand. This represents the difference between $184K raised and $166K spent during the 2024 cycle.
What party is OLSEN, ERIK affiliated with?
OLSEN, ERIK is running as a Republican candidate for House in Wisconsin. The campaign has raised $184K for the 2024 election cycle.
What is OLSEN, ERIK's campaign burn rate?
OLSEN, ERIK's campaign has a burn rate of 90%, having spent $166K of $184K raised. The campaign is spending nearly all funds raised, leaving minimal reserves.
Is OLSEN, ERIK financially competitive?
OLSEN, ERIK's financial position is competitive for a House race. The campaign has raised $184K with $5K cash on hand. No individual, PAC, or party contributions.
What does OLSEN, ERIK's donor base reveal about their coalition?
OLSEN, ERIK's funding profile is mixed-source. 100% funding from other sources.
What are the financial strengths and risks for OLSEN, ERIK's campaign?
Burn rate of 90%, indicating rapid spending.
How does OLSEN, ERIK's fundraising compare to similar campaigns?
Negative cash position of $5,419.13.
What should voters know about OLSEN, ERIK's campaign finances?
Primarily funded by other sources, not grassroots.
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 OLSEN, ERIK: FEC.gov -- OLSEN, ERIK
Related Candidates and Resources
- Wisconsin Campaign Finance -- Explore all candidates running in Wisconsin
- 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 OLSEN, ERIK's data directly at FEC.gov
AI-generated analysis from FEC public data. Nonpartisan and informational only.