Party committee fundraising, 2023-2024

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Party Committees
Democratic National Committee (DNC) • Republican National Committee (RNC)
Democratic Senatorial Campaign Committee (DSCC) • National Republican Senatorial Committee (NRSC)
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Fundraising
2023-2024 • 2021-2022 • 2019-2020 • 2018
Leadership elections
2023

During the 2024 election cycle, the six committees associated with the Democratic and Republican Parties have reported raising a combined $515 million.

Democrats and Republicans each have three committees: 1) a national committee, 2) a committee dedicated to U.S. Senate elections, and 3) a committee dedicated to U.S. House elections; the latter two are also known as Hill committees since they work to elect members to serve on Capitol Hill. National committees exist "to look out for their party candidates around the country to support them with things like research, polling, [and] money to run their campaigns," according to political science professor Joseph Losco.[1]

HIGHLIGHTS
  • The Democratic National Committee (DNC), Democratic Senatorial Campaign Committee (DSCC), and Democratic Congressional Campaign Committee (DCCC) have raised a cumulative $280 million and spent $250 million so far in the 2024 election cycle.
  • The Republican National Committee (RNC), National Republican Senatorial Committee (NRSC), and National Republican Congressional Committee (NRCC) have raised a cumulative $234 million and spent $214 million so far in the 2024 election cycle.

    • On this page, you will find details on the fundraising and spending efforts of all six committees during the 2024 election cycle. It includes an overall look at all six committees' finances as well as more detail on the Democratic and Republican committees' numbers. Also included is a section with analysis of trends in fundraising figures and why these committees matter.

    See the sections below for further information on the following topics:

    For more on the 2024 elections, see:

    Overall fundraising and spending

    This section will be updated as information becomes available.

    All committees

    The Democratic and Republican national party committees and campaign party committees reported the following monthly fundraising amounts during the 2023-2024 election cycle, according to the Federal Election Commission. The six party committees are:


    Democratic committees

    The Democratic national party committees and campaign party committees reported the following monthly fundraising amounts during the 2023-2024 election cycle, according to the Federal Election Commission. The three Democratic Party committees are:

    Republican committees

    The Republican national party committees and campaign party committees reported the following monthly fundraising amounts during the 2023-2024 election cycle, according to the Federal Election Commission. The three Republican Party committees are:

    The following chart displays cash on hand as of the end of each reporting period for each of the six party committees. National committees are represented by bold lines, Senate committees by dotted lines, and House committees by dashed lines.

    The following chart displays the cumulative cash on hand figure for all six party committees as of each reporting period in the 2024 cycle alongside the same numbers for the 2020 and 2022 campaign cycles.

    2022

    See also: Party committee fundraising, 2021-2022

    The Democratic and Republican national party committees and campaign party committees reported the following monthly fundraising amounts during the 2021-2022 election cycle, according to the Federal Election Commission. The six party committees were:


    Democratic Party committee fundraising

    The following chart shows cumulative fundraising and spending figures for each of the Democratic Party committees during the 2024 election cycle. Fundraising is represented by the dark blue lines while spending is represented by the light blue lines.

    Democratic National Committee

    See also: Democratic National Committee

    The Democratic National Committee (DNC) is the Democratic Party's principal governing organization and was established during the party's 1848 convention. Among its duties are planning the presidential nominating convention and promotion of the party's platform, although it also works to support Democratic candidates for elected office at all levels of government. The DNC is composed of the chair and vice chair of each state Democratic Party as well as over 200 additional members elected by party members.[2]

    For the 2024 election cycle, the DNC's chairman was Jaime Harrison (D), a former chairman of the Democratic Party of South Carolina.

    Democratic Senatorial Campaign Committee

    See also: Democratic Senatorial Campaign Committee

    The Democratic Senatorial Campaign Committee (DSCC) is a group dedicated to the election of Democratic members of the U.S. Senate. It took on its modern form following the U.S. Supreme Court's decision in Buckley v. Valeo.[3][4] The DSCC's role in elections includes organizing, candidate recruitment, and allocation of funds.[5]

    For the 2024 election cycle, the DSCC's chairman is Sen. Gary Peters (D-Mich.). Peters announced he would serve a second term in the position on January 9, 2023.[6]

    Democratic Congressional Campaign Committee

    See also: Democratic Congressional Campaign Committee

    The Democratic Congressional Campaign Committee (DCCC) is the official campaign arm of Democratic members of the U.S. House.[7] It was established in 1866.[8]

    For the 2024 election cycle, the DCCC's chairwoman is Rep. Suzan DelBene (D-Wash.). Rep. Hakeem Jeffries (D-N.Y.) announced he had appointed DelBene to serve in the role on December 20, 2022.[9]

    Republican Party committee fundraising

    The following chart shows cumulative fundraising and spending figures for each of the Republican Party committees during the 2024 election cycle. Fundraising is represented by the dark red lines while spending is represented by the light red lines.

    Republican National Committee

    See also: Republican National Committee

    The Republican National Committee (RNC) is the principal governing organization of the Republican Party. It was founded in 1856, two years after the party's establishment in 1854.[10] Its duties include organizing the party's presidential nominating convention, putting together its political platform, raising funds, and coordinating campaign strategies.[11]

    For the 2024 election cycle, the RNC's chairwoman is Ronna McDaniel, who was elected to a fourth two-year term as chairwoman on January 27, 2023.[12] McDaniel had earlier served as chairwoman of the Republican Party of Michigan.

    National Republican Senatorial Committee

    See also: National Republican Senatorial Committee

    The National Republican Senatorial Committee (NRSC) is a group dedicated to the election of Republican members of the U.S. Senate. It was organized in 1916 and took on its modern form following the U.S. Supreme Court's decision in Buckley v. Valeo.[13][14][15] Its duties include assisting candidates with planning budgets, navigating election laws, fundraising, research, and advertising.[16]

    For the 2024 election cycle, the NRSC's chairman is Sen. Steve Daines (R-Mont.). Senate Republicans selected Daines for the post on November 16, 2022.[17]

    National Republican Congressional Committee

    See also: National Republican Congressional Committee

    The National Republican Congressional Committee (NRCC) is a group dedicated electing Republican members to the U.S. House, esatblished in 1866. Its duties include providing financial and informational support to Republican candidates and organizations as well as party-building activities such as voter outreach and turnout drives.[18]

    For the 2024 election cycle, the NRCC's chairman is Rep. Richard Hudson (R-N.C.). House Republicans elected Hudson on November 15, 2022.[19]

    National committee fundraising in presidential election cycles

    See also: Presidential election campaign finance, 2024

    The Democratic National Committee (DNC) and Republican National Committee (RNC) each spend on behalf of their party's candidate during presidential elections. This section looks at fundraising over each four-year presidential cycle, so "Year 1" refers to the year after the last election (2009/2013/2017), "Year 2" to the midterm before the election (2010/2014/2018), etc. The following chart displays the percentage difference between the DNC and RNC's cumulative fundraising on a monthly basis for the 2012, 2016, 2020, and 2024 presidential election cycles. A positive number indicates that the RNC had outraised the DNC at that point while a negative number indicates that the DNC had outraised the RNC.



    Throughout the entire 2020 cycle and most of the 2024 cycle to date, the RNC has outraised the DNC. Its greatest fundraising advantage over the DNC was 121% in February 2013, while the DNC's greatest fundraising advantage over the RNC was 28% in March 2021.

    What do the party committees do?

    The following section contains quotes explaining the role of party committees.

    • Joseph Losco, Ball State University/Loyola University Chicago (May 31, 2018):
    "[The DNC and RNC are] national party coordinating bodies. Their job, basically, is to look out for their party candidates around the country to support them with things like research, polling, [and] money to run their campaigns...By and large, they’re supposed to remain neutral during a primary season. But once the primary candidate has been chosen, they back that candidate with as [many] resources as they think are necessary in winning that particular seat...They run the [presidential nominating] conventions, hold them, and then work with the presidential candidate to try to get them to win."[1]
    • Boris Heersink, Fordham University:
    "These national committees are essential in the eyes of party leaders because they view them as creators of their party's brand - defined as the understanding voters have of party positions on salient policy issues. Modern parties rely on these brands to mobilize voters and achieve electoral success.
    When a party is the national majority - defined as having unified control of the federal government - party leaders can build a brand more easily through legislation and governance. As a result, the committees' publicity programs decrease, with the DNC and RNC focusing instead on other programs (e.g., fundraising). In contrast, when a party is in the national minority, the DNC and RNC step up publicity efforts in order to convince voting groups to (re-)join their coalition. National minority party committees prioritize their branding role by investing considerable shares of their budgets in their publicity divisions, inaugurating new publicity programs, and creating new communication tools to reach out to voting groups.
    This view represents a major departure from the existing research on national committees. I argue that the committees' publicity services are different from regular 'services' because of the space committees frequently have as to what type of brand they promote. That is, the DNC and RNC can choose which image to promote and which voting groups to target."[20]

    See also



    Footnotes

    1. ↑ 1.0 1.1 Teen Vogue, "DNC and RNC: Everything You Need to Know About the Democratic and Republican National Committees," May 31, 2018
    2. ↑ Democrats, "About the Democratic Party," accessed February 11, 2021
    3. ↑ Roll Call, "Senate Chairmen Try to Avoid Historic Home-State Losses," September 24, 2014
    4. ↑ U.S. Senate, "Senatorial Campaign Committee Chairs," accessed June 18, 2019
    5. ↑ Democratic Senatorial Campaign Committee, "About Us," accessed February 11, 2021
    6. ↑ Politico, "Dems agonize over Sinema 2024," December 12, 2022
    7. ↑ Democratic Congressional Campaign Committee, "About Us," accessed June 18, 2019
    8. ↑ Google Books, "Campaign Finance Reform: The Political Shell Game," accessed June 18, 2019
    9. ↑ CNN, "Jeffries appoints DelBene to chair Democrats’ House campaign operation," December 21, 2022
    10. ↑ Google Books, "Campaign Finance Reform: The Political Shell Game," accessed June 18, 2019
    11. ↑ Encyclopedia Britannica, "Republican National Committee," accessed June 18, 2019
    12. ↑ C-SPAN, "Republican National Committee Elects Chair & Other Officials," January 27, 2023
    13. ↑ Roll Call, "Senate Chairmen Try to Avoid Historic Home-State Losses," September 2,4 2014
    14. ↑ U.S. Senate, "Senatorial Campaign Committee Chairs," accessed June 18, 2019
    15. ↑ Google Books, "Campaign Finance Reform: The Political Shell Game," accessed June 18, 2019
    16. ↑ National Republican Senatorial Committee, "About NRSC," accessed February 11, 2021
    17. ↑ Axios, "McConnell re-elected as Senate GOP leader," November 16, 2022
    18. ↑ NRCC, "About," accessed February 11, 2021
    19. ↑ Roll Call, "McCarthy backed for speaker, but has work to do before January," November 15, 2022
    20. ↑ Boris Heersink, "NATIONAL PARTY ORGANIZATIONS AND PARTY BRANDS IN AMERICAN POLITICS," accessed June 18, 2019
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