HOVDE, ERIC -- Republican Candidate for U.S. Senate
PAC-Driven Fundraising with Weak Cash Position
HOVDE, ERIC is a Republican candidate running for U.S. Senate in Wisconsin, 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 HOVDE, ERIC's 2024 campaign.
- Candidate Name: HOVDE, ERIC
- Party Affiliation: Republican
- Office Sought: U.S. Senate
- State: Wisconsin
- District: 00
- Election Cycle: 2024
- FEC Candidate ID: S4WI00256
- Spending Rate: 100% of funds raised have been spent
AI Funding Analysis
HOVDE, ERIC has raised $32.0M for the 2024 Senate race in Wisconsin, with $31.8M spent and $135K cash on hand. Individual contributions make up 0.0% of total receipts, while PAC contributions account for 1.3%. PACs are the primary funding source, with 100% of contributions coming from PACs and organizations. The candidate has a PAC/org-reliant fundraising strategy, indicating a strong reliance on PACs for funding. The candidate has a weak cash position, with a net cash position of -31,687,613.59. The candidate has no individual contributions, suggesting a lack of grassroots support.
Campaign Fundraising Summary
HOVDE, ERIC has raised $32.0M for their 2024 Senate campaign in Wisconsin. The campaign has spent $31.8M (100% of total raised) and currently holds $135K in cash on hand.
| Metric | Amount |
|---|---|
| Total Raised | $32.0M |
| Total Spent | $31.8M |
| Cash on Hand | $135K |
| Spending Rate | 100% |
With a spending rate of 100%, HOVDE, ERIC'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 HOVDE, ERIC'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 | $31.5M | 99% |
| PAC Contributions | $424K | 1% |
Individual & Other Contributions represent the largest funding category at $31.5M (99% of total raised). This funding source contributes the largest share of the campaign's total raised.
AI Funding Analysis
HOVDE, ERIC's campaign is funded by individual contributions (0.0%, $0), PAC contributions (1.3%, $424K), and party committee transfers (0.0%, $0). Other sources account for $31.5M (98.7%).
Donor Patterns
HOVDE, ERIC's campaign relies heavily on PAC and organizational support, which accounts for 1.3% of total receipts. Key donor sectors include PACs, Organizations, Other sources. No individual contributions received.
Spending Analysis
HOVDE, ERIC has spent $31.8M, which is 99.6% of total receipts. Cash on hand stands at $135K. Net cash position is negative, indicating financial strain.
Competitiveness Assessment
HOVDE, ERIC's financial position is weak for a Senate race in Wisconsin. The campaign has raised $32.0M with $135K remaining. Strong reliance on PACs for funding.
Key Donors Analysis
PAC contributions total $424K. Key sectors and interest groups represented among donors include PACs, Organizations, Other sources. No party contributions received.
Top Donors
| Donor | Type | Amount |
|---|---|---|
| Political Action Committees | PAC | $424K |
| PACs | Sector | $0 |
| Organizations | Sector | $0 |
| Other sources | Sector | $0 |
Race Opponents: 2024 Senate Wisconsin District 00
The following candidates are competing in the same 2024 Senate race in Wisconsin, District 00 as HOVDE, ERIC.
| Candidate | Party | Total Raised | Total Spent |
|---|---|---|---|
| HOVDE, ERIC (current) | Republican | $32.0M | $31.8M |
| LEAGER, THOMAS CHARLES MR. | IND | $24K | $24K |
| RAVEENDRAN, REJANI | Republican | $47K | $47K |
| KLEIN, STACEY | Republican | $34K | $34K |
| ANDERSON, PHILLIP NORMAN | IND | $53K | $53K |
| HOVDE, ERIC D | Republican | $32.0M | $31.8M |
| BALDWIN, TAMMY | Democratic | $59.6M | $59.7M |
HOVDE, ERIC has raised more than all opponents in this race. The fundraising advantage ratio is 1339.6:1.
Other Candidates in Wisconsin
Top-raising federal candidates in Wisconsin during the 2024 election cycle.
- BALDWIN, TAMMY (DEM, Senate) -- $59.6M raised
- HOVDE, ERIC D (REP, Senate) -- $32.0M raised
- VAN ORDEN, DERRICK F. MR. (REP, House) -- $7.7M raised
- COOKE, REBECCA (DEM, House) -- $6.4M raised
- COOKE, REBECCA (DEM, House) -- $6.4M raised
Republican Senate Race in Wisconsin
HOVDE, ERIC is competing as a Republican candidate for U.S. Senate in Wisconsin, 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 Wisconsin, visit the Wisconsin campaign finance page. You can also browse all Republican candidates or view all Senate races nationwide.
Frequently Asked Questions
How much has HOVDE, ERIC raised?
HOVDE, ERIC has raised a total of $32.0M for the 2024 election cycle. Of that, $31.8M has been spent, leaving $135K cash on hand. Individual contributions account for $0, PAC contributions for $424K, and party committee transfers for $0.
Where does HOVDE, ERIC's campaign money come from?
HOVDE, ERIC's campaign is funded by individual contributions (0.0%), PAC contributions (1.3%), party committee transfers (0.0%). PAC and organizational money is the primary funding source.
How much has HOVDE, ERIC spent?
HOVDE, ERIC has spent $31.8M of $32.0M raised, which is 99.6% of total receipts. The campaign has $135K remaining cash on hand.
How much cash does HOVDE, ERIC have on hand?
HOVDE, ERIC currently has $135K in cash on hand. This represents the difference between $32.0M raised and $31.8M spent during the 2024 cycle.
How much PAC money has HOVDE, ERIC received?
HOVDE, ERIC has received $424K from political action committees, representing 1.3% of total campaign funds. PAC money is the largest funding source.
What party is HOVDE, ERIC affiliated with?
HOVDE, ERIC is running as a Republican candidate for Senate in Wisconsin. The campaign has raised $32.0M for the 2024 election cycle.
What is HOVDE, ERIC's campaign burn rate?
HOVDE, ERIC's campaign has a burn rate of 100%, having spent $31.8M of $32.0M raised. The campaign is spending nearly all funds raised, leaving minimal reserves.
Is HOVDE, ERIC financially competitive?
HOVDE, ERIC's financial position is weak for a Senate race. The campaign has raised $32.0M with $135K cash on hand. 100% of contributions come from PACs and organizations.
What does HOVDE, ERIC's donor base reveal about their coalition?
HOVDE, ERIC's funding profile is PAC and organization-funded. No individual contributions received.
What are the financial strengths and risks for HOVDE, ERIC's campaign?
Net cash position is negative, indicating financial strain.
How does HOVDE, ERIC's fundraising compare to similar campaigns?
Strong reliance on PACs for funding.
What should voters know about HOVDE, ERIC'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 HOVDE, ERIC: FEC.gov -- HOVDE, ERIC
Related Candidates and Resources
- Wisconsin Campaign Finance -- Explore all candidates running in Wisconsin
- Republican Candidates -- View all Republican 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 HOVDE, ERIC's data directly at FEC.gov
AI-generated analysis from FEC public data. Nonpartisan and informational only.