SALERNO, JOE -- Democratic Candidate for U.S. House of Representatives
PAC-Driven Fundraising with No Individual Support
SALERNO, JOE is a Democratic candidate running for U.S. House of Representatives in New Jersey, 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 SALERNO, JOE's 2024 campaign.
- Candidate Name: SALERNO, JOE
- Party Affiliation: Democratic
- Office Sought: U.S. House of Representatives
- State: New Jersey
- District: 02
- Election Cycle: 2024
- FEC Candidate ID: H4NJ02207
- Spending Rate: 98% of funds raised have been spent
AI Funding Analysis
SALERNO, JOE has raised $1.7M for the 2024 House race in New Jersey, with $1.7M spent and $37K cash on hand. Individual contributions make up 0.0% of total receipts, while PAC contributions account for 3.0%. Primarily funded by PACs, with no individual contributions. Strong reliance on PAC/org funding, indicating a strategy focused on external support. Low cash-to-spent ratio, suggesting limited financial sustainability. No self-funding, indicating a strategy that does not rely on personal resources.
Campaign Fundraising Summary
SALERNO, JOE has raised $1.7M for their 2024 House campaign in New Jersey. The campaign has spent $1.7M (98% of total raised) and currently holds $37K in cash on hand.
| Metric | Amount |
|---|---|
| Total Raised | $1.7M |
| Total Spent | $1.7M |
| Cash on Hand | $37K |
| Spending Rate | 98% |
With a spending rate of 98%, SALERNO, JOE'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 SALERNO, JOE'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 | $1.7M | 97% |
| PAC Contributions | $53K | 3% |
Individual & Other Contributions represent the largest funding category at $1.7M (97% of total raised). This funding source contributes the largest share of the campaign's total raised.
AI Funding Analysis
SALERNO, JOE's campaign is funded by individual contributions (0.0%, $0), PAC contributions (3.0%, $53K), and party committee transfers (0.0%, $0). Other sources account for $1.7M (97.0%).
Donor Patterns
SALERNO, JOE's campaign relies heavily on PAC and organizational support, which accounts for 3.0% of total receipts. Key donor sectors include PACs, Other sources, No individual contributions. The candidate has no self-funding, relying entirely on external sources.
Spending Analysis
SALERNO, JOE has spent $1.7M, which is 97.9% of total receipts. Cash on hand stands at $37K. The burn rate is extremely high at 98%, indicating rapid spending.
Competitiveness Assessment
SALERNO, JOE's financial position is weak for a House race in New Jersey. The campaign has raised $1.7M with $37K remaining. The cash-to-spent ratio is very low, at 0.02, suggesting financial instability.
Key Donors Analysis
PAC contributions total $53K. Key sectors and interest groups represented among donors include PACs, Other sources, No individual contributions. No party contributions received.
Top Donors
| Donor | Type | Amount |
|---|---|---|
| Political Action Committees | PAC | $53K |
| PACs | Sector | $0 |
| Other sources | Sector | $0 |
| No individual contributions | Sector | $0 |
Race Opponents: 2024 House New Jersey District 02
The following candidates are competing in the same 2024 House race in New Jersey, District 02 as SALERNO, JOE.
| Candidate | Party | Total Raised | Total Spent |
|---|---|---|---|
| SALERNO, JOE (current) | Democratic | $1.7M | $1.7M |
| VAN DREW, JEFF MR | Republican | $3.2M | $3.0M |
| RUSH, CAROLYN | Democratic | $126K | $126K |
| ALEXANDER, TIMOTHY | Democratic | $196K | $197K |
SALERNO, JOE has raised less than all opponents in this race. The fundraising advantage ratio is 0.5:1.
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
Democratic House Race in New Jersey
SALERNO, JOE is competing as a Democratic candidate for U.S. House of Representatives in New Jersey, 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 New Jersey, visit the New Jersey campaign finance page. You can also browse all Democratic candidates or view all House races nationwide.
Frequently Asked Questions
How much has SALERNO, JOE raised?
SALERNO, JOE has raised a total of $1.7M for the 2024 election cycle. Of that, $1.7M has been spent, leaving $37K cash on hand. Individual contributions account for $0, PAC contributions for $53K, and party committee transfers for $0.
Where does SALERNO, JOE's campaign money come from?
SALERNO, JOE's campaign is funded by individual contributions (0.0%), PAC contributions (3.0%), party committee transfers (0.0%). PAC and organizational money is the primary funding source.
How much has SALERNO, JOE spent?
SALERNO, JOE has spent $1.7M of $1.7M raised, which is 97.9% of total receipts. The campaign has $37K remaining cash on hand.
How much cash does SALERNO, JOE have on hand?
SALERNO, JOE currently has $37K in cash on hand. This represents the difference between $1.7M raised and $1.7M spent during the 2024 cycle.
How much PAC money has SALERNO, JOE received?
SALERNO, JOE has received $53K from political action committees, representing 3.0% of total campaign funds. PAC money is the largest funding source.
What party is SALERNO, JOE affiliated with?
SALERNO, JOE is running as a Democratic candidate for House in New Jersey. The campaign has raised $1.7M for the 2024 election cycle.
What is SALERNO, JOE's campaign burn rate?
SALERNO, JOE's campaign has a burn rate of 98%, having spent $1.7M of $1.7M raised. The campaign is spending nearly all funds raised, leaving minimal reserves.
Is SALERNO, JOE financially competitive?
SALERNO, JOE's financial position is weak for a House race. The campaign has raised $1.7M with $37K cash on hand. 100% of contributions came from PACs and other sources, with no individual donations.
What does SALERNO, JOE's donor base reveal about their coalition?
SALERNO, JOE's funding profile is PAC and organization-funded. The candidate has no self-funding, relying entirely on external sources.
What are the financial strengths and risks for SALERNO, JOE's campaign?
The burn rate is extremely high at 98%, indicating rapid spending.
How does SALERNO, JOE's fundraising compare to similar campaigns?
The cash-to-spent ratio is very low, at 0.02, suggesting financial instability.
What should voters know about SALERNO, JOE's campaign finances?
No party contributions received.
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 SALERNO, JOE: FEC.gov -- SALERNO, JOE
Related Candidates and Resources
- New Jersey Campaign Finance -- Explore all candidates running in New Jersey
- 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 SALERNO, JOE's data directly at FEC.gov
AI-generated analysis from FEC public data. Nonpartisan and informational only.