JONES, STEVE -- Republican Candidate for U.S. House of Representatives
PAC-Driven Fundraising with Weak Cash Position
JONES, STEVE is a Republican candidate running for U.S. House of Representatives in New Mexico, 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 JONES, STEVE's 2024 campaign.
- Candidate Name: JONES, STEVE
- Party Affiliation: Republican
- Office Sought: U.S. House of Representatives
- State: New Mexico
- District: 01
- Election Cycle: 2024
- FEC Candidate ID: H4NM01140
- Spending Rate: 88% of funds raised have been spent
AI Funding Analysis
JONES, STEVE has raised $217K for the 2024 House race in New Mexico, with $191K spent and $26K cash on hand. Individual contributions make up 0.0% of total receipts, while PAC contributions account for 1.5%. Primarily funded by PACs, with no individual contributions. Significant reliance on organizational contributions, indicating a PAC/org-reliant fundraising strategy. Strong burn rate, suggesting aggressive spending. Weak cash position, with a negative net cash balance.
Campaign Fundraising Summary
JONES, STEVE has raised $217K for their 2024 House campaign in New Mexico. The campaign has spent $191K (88% of total raised) and currently holds $26K in cash on hand.
| Metric | Amount |
|---|---|
| Total Raised | $217K |
| Total Spent | $191K |
| Cash on Hand | $26K |
| Spending Rate | 88% |
JONES, STEVE's campaign has spent 88% of its raised funds, maintaining a balance between active campaigning and building reserves. The remaining $26K in cash on hand provides flexibility for future spending.
Funding Sources Breakdown
The following table breaks down where JONES, STEVE'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 | $214K | 98% |
| PAC Contributions | $3K | 2% |
Individual & Other Contributions represent the largest funding category at $214K (98% of total raised). This funding source contributes the largest share of the campaign's total raised.
AI Funding Analysis
JONES, STEVE's campaign is funded by individual contributions (0.0%, $0), PAC contributions (1.5%, $3K), and party committee transfers (0.0%, $0). Other sources account for $214K (98.5%).
Donor Patterns
JONES, STEVE's campaign relies heavily on PAC and organizational support, which accounts for 1.5% of total receipts. Key donor sectors include PACs, Other sources, No individual contributions. High burn rate of 88%, indicating rapid spending.
Spending Analysis
JONES, STEVE has spent $191K, which is 88.2% of total receipts. Cash on hand stands at $26K. Negative net cash position of $165,834.93.
Competitiveness Assessment
JONES, STEVE's financial position is weak for a House race in New Mexico. The campaign has raised $217K with $26K remaining. Primarily funded by PACs and other sources, with no self-funding.
Key Donors Analysis
PAC contributions total $3K. Key sectors and interest groups represented among donors include PACs, Other sources, No individual contributions. Significant organizational contributions, suggesting a focus on institutional support.
Top Donors
| Donor | Type | Amount |
|---|---|---|
| Political Action Committees | PAC | $3K |
| PACs | Sector | $0 |
| Other sources | Sector | $0 |
| No individual contributions | Sector | $0 |
Race Opponents: 2024 House New Mexico District 01
The following candidates are competing in the same 2024 House race in New Mexico, District 01 as JONES, STEVE.
| Candidate | Party | Total Raised | Total Spent |
|---|---|---|---|
| JONES, STEVE (current) | Republican | $217K | $191K |
| SANCHEZ, LOUIE | Republican | $28K | $28K |
| STANSBURY, MELANIE | Democratic | $1.4M | $1.2M |
JONES, STEVE has raised more than all opponents in this race. The fundraising advantage ratio is 7.7:1.
Other Candidates in New Mexico
Top-raising federal candidates in New Mexico during the 2024 election cycle.
- HEINRICH, MARTIN (DEM, Senate) -- $13.2M raised
- VASQUEZ, GABRIEL (DEM, House) -- $7.0M raised
- DOMENICI, NELLA LOUISE LOUISE (REP, Senate) -- $7.0M raised
- HERRELL, STELLA YVETTE (REP, House) -- $4.5M raised
- LEGER FERNANDEZ, TERESA (DEM, House) -- $2.1M raised
Republican House Race in New Mexico
JONES, STEVE is competing as a Republican candidate for U.S. House of Representatives in New Mexico, 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 Mexico, visit the New Mexico campaign finance page. You can also browse all Republican candidates or view all House races nationwide.
Frequently Asked Questions
How much has JONES, STEVE raised?
JONES, STEVE has raised a total of $217K for the 2024 election cycle. Of that, $191K has been spent, leaving $26K cash on hand. Individual contributions account for $0, PAC contributions for $3K, and party committee transfers for $0.
Where does JONES, STEVE's campaign money come from?
JONES, STEVE's campaign is funded by individual contributions (0.0%), PAC contributions (1.5%), party committee transfers (0.0%). PAC and organizational money is the primary funding source.
How much has JONES, STEVE spent?
JONES, STEVE has spent $191K of $217K raised, which is 88.2% of total receipts. The campaign has $26K remaining cash on hand.
How much cash does JONES, STEVE have on hand?
JONES, STEVE currently has $26K in cash on hand. This represents the difference between $217K raised and $191K spent during the 2024 cycle.
How much PAC money has JONES, STEVE received?
JONES, STEVE has received $3K from political action committees, representing 1.5% of total campaign funds. PAC money is the largest funding source.
What party is JONES, STEVE affiliated with?
JONES, STEVE is running as a Republican candidate for House in New Mexico. The campaign has raised $217K for the 2024 election cycle.
What is JONES, STEVE's campaign burn rate?
JONES, STEVE's campaign has a burn rate of 88%, having spent $191K of $217K raised. The campaign maintains a moderate spending pace.
Is JONES, STEVE financially competitive?
JONES, STEVE's financial position is weak for a House race. The campaign has raised $217K with $26K cash on hand. No individual contributions, relying entirely on PACs and other sources.
What does JONES, STEVE's donor base reveal about their coalition?
JONES, STEVE's funding profile is PAC and organization-funded. High burn rate of 88%, indicating rapid spending.
What are the financial strengths and risks for JONES, STEVE's campaign?
Negative net cash position of $165,834.93.
How does JONES, STEVE's fundraising compare to similar campaigns?
Primarily funded by PACs and other sources, with no self-funding.
What should voters know about JONES, STEVE's campaign finances?
Significant organizational contributions, suggesting a focus on institutional 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 JONES, STEVE: FEC.gov -- JONES, STEVE
Related Candidates and Resources
- New Mexico Campaign Finance -- Explore all candidates running in New Mexico
- 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 JONES, STEVE's data directly at FEC.gov
AI-generated analysis from FEC public data. Nonpartisan and informational only.