KING, ANGUS S. JR. -- IND Candidate for U.S. Senate
PAC-Driven Fundraising with Negative Cash Position
KING, ANGUS S. JR. is a IND candidate running for U.S. Senate in Maine, District 00 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 KING, ANGUS S. JR.'s 2024 campaign.
- Candidate Name: KING, ANGUS S. JR.
- Party Affiliation: IND
- Office Sought: U.S. Senate
- State: Maine
- District: 00
- Election Cycle: 2024
- FEC Candidate ID: S2ME00109
- Spending Rate: 103% of funds raised have been spent
AI Funding Analysis
KING, ANGUS S. JR. has raised $5.8M for the 2024 Senate race in Maine, with $6.0M spent and $239K cash on hand. Individual contributions make up 0.0% of total receipts, while PAC contributions account for 28.1%. Primarily funded by PACs, with no individual contributions. Significant reliance on organizational contributions, indicating a PAC/org-reliant strategy. Negative net cash position, indicating a funding deficit. Burn rate exceeds 100%, suggesting unsustainable spending.
Campaign Fundraising Summary
KING, ANGUS S. JR. has raised $5.8M for their 2024 Senate campaign in Maine. The campaign has spent $6.0M (103% of total raised) and currently holds $239K in cash on hand.
| Metric | Amount |
|---|---|
| Total Raised | $5.8M |
| Total Spent | $6.0M |
| Cash on Hand | $239K |
| Spending Rate | 103% |
With a spending rate of 103%, KING, ANGUS S. JR.'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 KING, ANGUS S. JR.'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 | $4.2M | 72% |
| PAC Contributions | $1.6M | 28% |
Individual & Other Contributions represent the largest funding category at $4.2M (72% of total raised). This funding source contributes the largest share of the campaign's total raised.
AI Funding Analysis
KING, ANGUS S. JR.'s campaign is funded by individual contributions (0.0%, $0), PAC contributions (28.1%, $1.6M), and party committee transfers (0.0%, $0). Other sources account for $4.2M (71.9%).
Donor Patterns
KING, ANGUS S. JR.'s campaign relies heavily on PAC and organizational support, which accounts for 28.1% of total receipts. Key donor sectors include PACs, Other sources, No individual contributions. High PAC/org reliance with no party contributions.
Spending Analysis
KING, ANGUS S. JR. has spent $6.0M, which is 102.5% of total receipts. Cash on hand stands at $239K. Negative net cash position of over $5.7 million.
Competitiveness Assessment
KING, ANGUS S. JR.'s financial position is weak for a Senate race in Maine. The campaign has raised $5.8M with $239K remaining. Burn rate of 103% indicates unsustainable spending.
Key Donors Analysis
PAC contributions total $1.6M. Key sectors and interest groups represented among donors include PACs, Other sources, No individual contributions. Primarily funded by organizational contributions, not grassroots.
Top Donors
| Donor | Type | Amount |
|---|---|---|
| Political Action Committees | PAC | $1.6M |
| PACs | Sector | $0 |
| Other sources | Sector | $0 |
| No individual contributions | Sector | $0 |
Race Opponents: 2024 Senate Maine District 00
The following candidates are competing in the same 2024 Senate race in Maine, District 00 as KING, ANGUS S. JR..
| Candidate | Party | Total Raised | Total Spent |
|---|---|---|---|
| KING, ANGUS S. JR. (current) | IND | $5.8M | $6.0M |
| CHERRY, JASON SETH | IND | $110K | $104K |
| KOUZOUNAS, DEMI | Republican | $1.0M | $1.0M |
| COSTELLO, DAVID ALLEN | Democratic | $111K | $112K |
KING, ANGUS S. JR. has raised more than all opponents in this race. The fundraising advantage ratio is 53.1:1.
Other Candidates in Maine
Top-raising federal candidates in Maine during the 2024 election cycle.
- GOLDEN, JARED (DEM, House) -- $7.9M raised
- THERIAULT, AUSTIN LEO (REP, House) -- $3.6M raised
- KOUZOUNAS, DEMI (REP, Senate) -- $1.0M raised
- BASSILE, ELIAS (IND, House) -- $1.0M raised
- PINGREE, CHELLIE M (DEM, House) -- $671K raised
IND Senate Race in Maine
KING, ANGUS S. JR. is competing as a IND candidate for U.S. Senate in Maine, District 00. U.S. Senate races are held every six years on a staggered basis, with each state electing two senators. Senate campaigns tend to be significantly more expensive than House races due to statewide media markets and higher voter populations.
To explore other candidates running in Maine, visit the Maine campaign finance page. You can also browse all IND candidates or view all Senate races nationwide.
Frequently Asked Questions
How much has KING, ANGUS S. JR. raised?
KING, ANGUS S. JR. has raised a total of $5.8M for the 2024 election cycle. Of that, $6.0M has been spent, leaving $239K cash on hand. Individual contributions account for $0, PAC contributions for $1.6M, and party committee transfers for $0.
Where does KING, ANGUS S. JR.'s campaign money come from?
KING, ANGUS S. JR.'s campaign is funded by individual contributions (0.0%), PAC contributions (28.1%), party committee transfers (0.0%). PAC and organizational money is the primary funding source.
How much has KING, ANGUS S. JR. spent?
KING, ANGUS S. JR. has spent $6.0M of $5.8M raised, which is 102.5% of total receipts. The campaign has $239K remaining cash on hand.
How much cash does KING, ANGUS S. JR. have on hand?
KING, ANGUS S. JR. currently has $239K in cash on hand. This represents the difference between $5.8M raised and $6.0M spent during the 2024 cycle.
How much PAC money has KING, ANGUS S. JR. received?
KING, ANGUS S. JR. has received $1.6M from political action committees, representing 28.1% of total campaign funds. PAC money is the largest funding source.
What party is KING, ANGUS S. JR. affiliated with?
KING, ANGUS S. JR. is running as a Independent candidate for Senate in Maine. The campaign has raised $5.8M for the 2024 election cycle.
What is KING, ANGUS S. JR.'s campaign burn rate?
KING, ANGUS S. JR.'s campaign has a burn rate of 103%, having spent $6.0M of $5.8M raised. The campaign is spending nearly all funds raised, leaving minimal reserves.
Is KING, ANGUS S. JR. financially competitive?
KING, ANGUS S. JR.'s financial position is weak for a Senate race. The campaign has raised $5.8M with $239K cash on hand. No individual contributions, relying solely on PACs and other sources.
What does KING, ANGUS S. JR.'s donor base reveal about their coalition?
KING, ANGUS S. JR.'s funding profile is PAC and organization-funded. High PAC/org reliance with no party contributions.
What are the financial strengths and risks for KING, ANGUS S. JR.'s campaign?
Negative net cash position of over $5.7 million.
How does KING, ANGUS S. JR.'s fundraising compare to similar campaigns?
Burn rate of 103% indicates unsustainable spending.
What should voters know about KING, ANGUS S. JR.'s campaign finances?
Primarily funded by organizational contributions, 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 KING, ANGUS S. JR.: FEC.gov -- KING, ANGUS S. JR.
Related Candidates and Resources
- Maine Campaign Finance -- Explore all candidates running in Maine
- IND Candidates -- View all IND candidates and their fundraising
- Senate Races -- Browse all Senate 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 KING, ANGUS S. JR.'s data directly at FEC.gov
AI-generated analysis from FEC public data. Nonpartisan and informational only.