Which Presidential Candidates Are Leading the 2024 Money Race?

Federal disclosures on Saturday provided a first glimpse of the money race between the presidential candidates for 2024, showing who has amassed the most campaign cash so far.

Former President Donald J. Trump leads his party with $22.5 million in cash on hand at the end of June, though this is an incomplete picture of the funds that can be used to advance his candidacy. Mr. Trump uses multiple fund-raising committees and is supported by a super PAC that can raise and spend unlimited sums on his behalf. These groups do not have to file financial reports until the end of the month.

Senator Tim Scott of South Carolina, another contender for the Republican nomination, followed closely behind, with $21 million in his campaign coffers, including money transferred from his Senate campaign.

President Biden had $20.1 million in cash at the end of June, but he reported raising more money than Mr. Trump. As an incumbent, Mr. Biden is also able to leverage funds raised by his party, which also reported a large fund-raising haul.

Gov. Ron DeSantis of Florida took in about $20 million this quarter, mostly from big-dollar contributions. He spent nearly $7.9 million of it, which is a “burn rate” of about 40 percent — on the high end compared with the other Republican candidates.

Former Vice President Mike Pence, who entered the race on June 5, raised just $1.2 million, a notably low figure.

The total amounts raised that campaigns report include personal loans and contributions from candidates to their own campaigns. Gov. Doug Burgum of North Dakota, a Republican, loaned himself $10 million of the $11.7 million he reported raising in the second quarter.

Another Republican, the multimillionaire entrepreneur Vivek Ramaswamy, reported a $7.7 million haul for the quarter — nearly all his own money.

The numbers reported by candidates’ campaigns are incomplete tallies of their financial support.

Candidates can form fund-raising vehicles beyond their official campaign committees, and they are increasingly doing so earlier on.

Here’s a guide to the often overlapping patchwork of committees.

For Republicans, these early filings are particularly important. Candidates will need to prove they have at least 40,000 unique donors in order to qualify for next month’s G.O.P. debate, and some have gone to great lengths to try to reach this threshold. Mr. Burgum has used gimmicks like offering $20 gift cards to the first 50,000 people to donate at least $1 to his campaign in hopes of getting onto the debate stage.

The total number of donors to each campaign is not included in the reports, but more detailed filings later this month can be used to estimate how close candidates are getting to the threshold.

Beyond campaign committees, below are the other committees associated with the candidates. Those without additional related committees are not listed.

Source: Elections - nytimes.com