This cycle may even surpass the roughly $660 million in contributions from unknown sources that flooded 2020 elections.
” groups and shell companies are on track to steer more money from undisclosed sources to the 2023-2024 election than any prior cycle
During the 2022 election, federal political committees reported taking in $616.8 million from such donors, more than any prior midterm cycle.So far this election cycle, contributions from dark money groups and shell companies is outpacing all prior elections and may even surpass the roughlyin contributions from unknown sources that flooded 2020 elections — a cycle that attracted over $1 billion in total dark money, counting political ad spending as well as contributions.
The 2024 election cycle is on track to be the fourth consecutive cycle where Democrats benefit from more dark money than Republicans, though a lot can change during an election year.Liberal political committees reported about $318 million in political contributions from dark money groups and shell companies during the 2022 cycle while conservative political committees reported roughly $263 million.Dark money groups registered as 501 nonprofits have collectively reported about $2.
During the 2022 midterms, LCV Victory Fund spent more than $33.3 million boosting Democrats and attacking Republicans in key swing states across the country, including Colorado, Arizona, Georgia, Pennsylvania, New Hampshire, Nevada and Wisconsin, according to independent expenditure reports. Future Forward became the third-largest funder of advertising in the 2020 presidential general election, with the super PAC spending $126.4 million during the final months of the 2020 election.plans to reserve $250 million in advertising in battleground states, allocating $140 million to television and $110 million to digital ads.
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