ARMSTEAD, DEREK -- Democratic Candidate for U.S. House of Representatives
PAC-Driven Fundraising, Strong Burn Rate
ARMSTEAD, DEREK is a Democratic candidate running for U.S. House of Representatives in New Jersey, District 10 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 ARMSTEAD, DEREK's 2024 campaign.
- Candidate Name: ARMSTEAD, DEREK
- Party Affiliation: Democratic
- Office Sought: U.S. House of Representatives
- State: New Jersey
- District: 10
- Election Cycle: 2024
- FEC Candidate ID: H4NJ10200
- Spending Rate: 100% of funds raised have been spent
AI Funding Analysis
ARMSTEAD, DEREK has raised $119K for the 2024 House race in New Jersey, with $119K spent and $232.39 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 contributions. PAC/org-reliant fundraising strategy. Strong burn rate, spending all raised funds. Net negative cash position, indicating financial strain.
Campaign Fundraising Summary
ARMSTEAD, DEREK has raised $119K for their 2024 House campaign in New Jersey. The campaign has spent $119K (100% of total raised) and currently holds $232.39 in cash on hand.
| Metric | Amount |
|---|---|
| Total Raised | $119K |
| Total Spent | $119K |
| Cash on Hand | $232.39 |
| Spending Rate | 100% |
With a spending rate of 100%, ARMSTEAD, DEREK'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 ARMSTEAD, DEREK'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 | $119K | 100% |
Individual & Other Contributions represent the largest funding category at $119K (100% of total raised). This funding source contributes the largest share of the campaign's total raised.
AI Funding Analysis
ARMSTEAD, DEREK'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 $119K (100.0%).
Donor Patterns
ARMSTEAD, DEREK'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. All funds come from PACs or organizations, not individuals.
Spending Analysis
ARMSTEAD, DEREK has spent $119K, which is 100.2% of total receipts. Spent all raised funds, showing a strong burn rate.
Competitiveness Assessment
ARMSTEAD, DEREK's financial position is competitive for a House race in New Jersey. The campaign has raised $119K with $232.39 remaining. Negative cash position, suggesting financial challenges.
Key Donors Analysis
Key sectors and interest groups represented among donors include PAC/org, None, None. No party contributions, relying on external sources.
Top Donors
| Donor | Type | Amount |
|---|---|---|
| PAC/org | Sector | $0 |
| None | Sector | $0 |
| None | Sector | $0 |
Race Opponents: 2024 House New Jersey District 10
The following candidates are competing in the same 2024 House race in New Jersey, District 10 as ARMSTEAD, DEREK.
| Candidate | Party | Total Raised | Total Spent |
|---|---|---|---|
| ARMSTEAD, DEREK (current) | Democratic | $119K | $119K |
| GORDON, ALBERTA | Democratic | $13K | $958.35 |
| CLAYBROOKS, BRITTANY | Democratic | $15K | $15K |
| MELIUS, SHANA | Democratic | $18K | $13K |
| MCIVER, LAMONICA | Democratic | $648K | $485K |
| GODFREY, DARRYL | Democratic | $147K | $147K |
| BUCCO, CARMEN | Republican | $21K | $21K |
| PAYNE, DONALD M MR. JR | Democratic | $441K | $479K |
ARMSTEAD, DEREK has raised more than all opponents in this race. The fundraising advantage ratio is 9.2:1.
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
ARMSTEAD, DEREK is competing as a Democratic candidate for U.S. House of Representatives in New Jersey, District 10. 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 ARMSTEAD, DEREK raised?
ARMSTEAD, DEREK has raised a total of $119K for the 2024 election cycle. Of that, $119K has been spent, leaving $232.39 cash on hand. Individual contributions account for $0, PAC contributions for $0, and party committee transfers for $0.
Where does ARMSTEAD, DEREK's campaign money come from?
ARMSTEAD, DEREK'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 ARMSTEAD, DEREK spent?
ARMSTEAD, DEREK has spent $119K of $119K raised, which is 100.2% of total receipts. The campaign has $232.39 remaining cash on hand.
How much cash does ARMSTEAD, DEREK have on hand?
ARMSTEAD, DEREK currently has $232.39 in cash on hand. This represents the difference between $119K raised and $119K spent during the 2024 cycle.
What party is ARMSTEAD, DEREK affiliated with?
ARMSTEAD, DEREK is running as a Democratic candidate for House in New Jersey. The campaign has raised $119K for the 2024 election cycle.
What is ARMSTEAD, DEREK's campaign burn rate?
ARMSTEAD, DEREK's campaign has a burn rate of 100%, having spent $119K of $119K raised. The campaign is spending nearly all funds raised, leaving minimal reserves.
Is ARMSTEAD, DEREK financially competitive?
ARMSTEAD, DEREK's financial position is competitive for a House race. The campaign has raised $119K with $232.39 cash on hand. No individual contributions, indicating a lack of grassroots support.
What does ARMSTEAD, DEREK's donor base reveal about their coalition?
ARMSTEAD, DEREK's funding profile is mixed-source. All funds come from PACs or organizations, not individuals.
What are the financial strengths and risks for ARMSTEAD, DEREK's campaign?
Spent all raised funds, showing a strong burn rate.
How does ARMSTEAD, DEREK's fundraising compare to similar campaigns?
Negative cash position, suggesting financial challenges.
What should voters know about ARMSTEAD, DEREK's campaign finances?
No party contributions, relying on external sources.
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 ARMSTEAD, DEREK: FEC.gov -- ARMSTEAD, DEREK
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 ARMSTEAD, DEREK's data directly at FEC.gov
AI-generated analysis from FEC public data. Nonpartisan and informational only.