Campaign-finance source guide

How to read campaign-finance records without getting fooled by totals.

Money-in-politics data is public, but it is easy to misread. The useful habit is to separate committees, cycles, receipts, spending, independent expenditures, and summary estimates.

Updated June 17, 2026 - Neutral civic reference - Follow the source trail before citing a number.

First, identify the committee

A candidate may have a principal campaign committee, leadership PAC, joint fundraising committee, affiliated PACs, and outside groups spending for or against the race. Those are not the same thing. If a number looks surprising, check which committee or group the number describes.

ReceiptsMoney received by a committee. This can include individual contributions, transfers, refunds, loans, and other categories.
DisbursementsMoney spent by a committee. This can include payroll, ads, consultants, travel, fundraising costs, and transfers.
Cash on handMoney available at the end of a reporting period. It is not the same as total raised.
DebtsAmounts owed by the committee. Debt can change how strong a cash position really is.

Cycle matters

Federal campaign-finance data is usually organized by election cycle. A House race, Senate race, presidential race, or PAC summary may use different windows. A "2026 cycle" number may include activity that began before calendar year 2026. Always check the cycle label and reporting period.

FEC records and summaries do different jobs

The FEC is the official record system for federal campaign-finance filings. It is the place to verify the underlying committee, report, contributor, date, and transaction category. Summary tools such as OpenSecrets can make patterns easier to understand, but summary totals can lag, categorize differently, or combine records in ways that require notes.

Independent spending is separate

Outside groups can spend money supporting or opposing candidates without giving money directly to the candidate committee. That outside spending is important, but it should not be described as money the candidate "raised" unless the source record actually says so.

Questions to ask before sharing a number

Official source trail

The Power Tree links to both source filings and summaries when possible, because verification and readability are different jobs.

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