SPEEDY, MIKE -- Republican Candidate for U.S. House of Representatives
PAC-Driven Fundraising with Weak Grassroots Support
SPEEDY, MIKE is a Republican candidate running for U.S. House of Representatives in Indiana, District 06 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 SPEEDY, MIKE's 2024 campaign.
- Candidate Name: SPEEDY, MIKE
- Party Affiliation: Republican
- Office Sought: U.S. House of Representatives
- State: Indiana
- District: 06
- Election Cycle: 2024
- FEC Candidate ID: H4IN06136
- Spending Rate: 100% of funds raised have been spent
AI Funding Analysis
SPEEDY, MIKE has raised $1.6M for the 2024 House race in Indiana, with $1.6M spent and $0 cash on hand. Individual contributions make up 0.0% of total receipts, while PAC contributions account for 1.1%. PACs are the primary funding source, accounting for nearly 100% of contributions. The candidate has a PAC/org-reliant fundraising strategy, indicating a focus on institutional support. The candidate has a weak cash position, with no individual contributions and a net negative cash balance. The candidate's spending matches their fundraising, suggesting a lack of grassroots support.
Campaign Fundraising Summary
SPEEDY, MIKE has raised $1.6M for their 2024 House campaign in Indiana. The campaign has spent $1.6M (100% of total raised) and currently holds $0 in cash on hand.
| Metric | Amount |
|---|---|
| Total Raised | $1.6M |
| Total Spent | $1.6M |
| Cash on Hand | $0 |
| Spending Rate | 100% |
With a spending rate of 100%, SPEEDY, MIKE'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 SPEEDY, MIKE'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 | $1.6M | 99% |
| PAC Contributions | $17K | 1% |
Individual & Other Contributions represent the largest funding category at $1.6M (99% of total raised). This funding source contributes the largest share of the campaign's total raised.
AI Funding Analysis
SPEEDY, MIKE's campaign is funded by individual contributions (0.0%, $0), PAC contributions (1.1%, $17K), and party committee transfers (0.0%, $0). Other sources account for $1.6M (98.9%).
Donor Patterns
SPEEDY, MIKE's campaign relies heavily on PAC and organizational support, which accounts for 1.1% of total receipts. Key donor sectors include PACs, Organizations, No Individual Contributions. No individual contributions were reported.
Spending Analysis
SPEEDY, MIKE has spent $1.6M, which is 100.0% of total receipts. The candidate has a net negative cash balance.
Competitiveness Assessment
SPEEDY, MIKE's financial position is weak for a House race in Indiana. The campaign has raised $1.6M with $0 remaining. Spending matches total fundraising, indicating no additional sources of funding.
Key Donors Analysis
PAC contributions total $17K. Key sectors and interest groups represented among donors include PACs, Organizations, No Individual Contributions. The candidate is heavily reliant on PAC funding without grassroots support.
Top Donors
| Donor | Type | Amount |
|---|---|---|
| Political Action Committees | PAC | $17K |
| PACs | Sector | $0 |
| Organizations | Sector | $0 |
| No Individual Contributions | Sector | $0 |
Race Opponents: 2024 House Indiana District 06
The following candidates are competing in the same 2024 House race in Indiana, District 06 as SPEEDY, MIKE.
| Candidate | Party | Total Raised | Total Spent |
|---|---|---|---|
| SPEEDY, MIKE (current) | Republican | $1.6M | $1.6M |
| PENCE, GREGORY J. | Republican | $527K | $680K |
| FRAZIER, WILLIAM GOULD | Republican | $348K | $349K |
| SHREVE, JEFFERSON | Republican | $6.2M | $6.1M |
| JACOB, JOHN | Republican | $40K | $40K |
| CARRIER, JAMISON | Republican | $873K | $872K |
| RAATZ, JEFF | Republican | $125K | $125K |
| MAHANT, SIDDHARTH | Republican | $2.1M | $599K |
| WIRTH, CYNTHIA | Democratic | $28K | $22K |
SPEEDY, MIKE has raised more than all opponents in this race. The fundraising advantage ratio is 3.0:1.
Other Candidates in Indiana
Top-raising federal candidates in Indiana during the 2024 election cycle.
- BANKS, JAMES E. HON. (REP, Senate) -- $7.3M raised
- SHREVE, JEFFERSON (REP, House) -- $6.2M raised
- GOODRICH, CHARLES (REP, House) -- $5.5M raised
- YAKYM, RUDY C. III (REP, House) -- $3.7M raised
- MRVAN, FRANK J. (DEM, House) -- $3.2M raised
Republican House Race in Indiana
SPEEDY, MIKE is competing as a Republican candidate for U.S. House of Representatives in Indiana, District 06. 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 Indiana, visit the Indiana campaign finance page. You can also browse all Republican candidates or view all House races nationwide.
Frequently Asked Questions
How much has SPEEDY, MIKE raised?
SPEEDY, MIKE has raised a total of $1.6M for the 2024 election cycle. Of that, $1.6M has been spent, leaving $0 cash on hand. Individual contributions account for $0, PAC contributions for $17K, and party committee transfers for $0.
Where does SPEEDY, MIKE's campaign money come from?
SPEEDY, MIKE's campaign is funded by individual contributions (0.0%), PAC contributions (1.1%), party committee transfers (0.0%). PAC and organizational money is the primary funding source.
How much has SPEEDY, MIKE spent?
SPEEDY, MIKE has spent $1.6M of $1.6M raised, which is 100.0% of total receipts. The campaign has $0 remaining cash on hand.
How much cash does SPEEDY, MIKE have on hand?
SPEEDY, MIKE currently has $0 in cash on hand. This represents the difference between $1.6M raised and $1.6M spent during the 2024 cycle.
How much PAC money has SPEEDY, MIKE received?
SPEEDY, MIKE has received $17K from political action committees, representing 1.1% of total campaign funds. PAC money is the largest funding source.
What party is SPEEDY, MIKE affiliated with?
SPEEDY, MIKE is running as a Republican candidate for House in Indiana. The campaign has raised $1.6M for the 2024 election cycle.
What is SPEEDY, MIKE's campaign burn rate?
SPEEDY, MIKE's campaign has a burn rate of 100%, having spent $1.6M of $1.6M raised. The campaign is spending nearly all funds raised, leaving minimal reserves.
Is SPEEDY, MIKE financially competitive?
SPEEDY, MIKE's financial position is weak for a House race. The campaign has raised $1.6M with $0 cash on hand. 100% of contributions come from PACs and organizations.
What does SPEEDY, MIKE's donor base reveal about their coalition?
SPEEDY, MIKE's funding profile is PAC and organization-funded. No individual contributions were reported.
What are the financial strengths and risks for SPEEDY, MIKE's campaign?
The candidate has a net negative cash balance.
How does SPEEDY, MIKE's fundraising compare to similar campaigns?
Spending matches total fundraising, indicating no additional sources of funding.
What should voters know about SPEEDY, MIKE's campaign finances?
The candidate is heavily reliant on PAC funding without grassroots 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 SPEEDY, MIKE: FEC.gov -- SPEEDY, MIKE
Related Candidates and Resources
- Indiana Campaign Finance -- Explore all candidates running in Indiana
- 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 SPEEDY, MIKE's data directly at FEC.gov
AI-generated analysis from FEC public data. Nonpartisan and informational only.