By Jim Ellis — Monday, April 21, 2025
The first quarter 2025 campaign financial disclosure reports are now public, and the totals reveal interesting individual candidate information.
The Down Ballot political blog statisticians compiled the figures from the Federal Election Commission filings and released the data report for all Senate and House early contenders.
Senate
A total of 41 Senate reports were filed at the April 15 deadline, 31 of which are from incumbent members currently seeking re-election. The four Senators who have announced they will not run for re-election, Mitch McConnell (R-KY), Gary Peters (D-MI), Tina Smith (D-MN), and Jeanne Shaheen (D-NH), are not listed in the report.
The top Senate fundraiser for the 1st Quarter is Georgia’s Jon Ossoff (D), who will face a tough re-election campaign. He raised $11.1 million and holds $11.08 million in his campaign account. It is possible that Gov. Brian Kemp (R), ineligible to run for a third term, may challenge Sen. Ossoff.
If the Governor declines a Senate bid, Ossoff will likely face one of his colleagues from the House, either Reps. Buddy Carter (R-Pooler/Savannah), Rich McCormick (R-Suwanee), or Mike Collins (R-Jackson). Each has said they would have interest in running for the Senate should Gov. Kemp decide not to enter the race.
In addition to Ossoff, the Senators raising the most money in the first quarter were Sens. Mark Warner (D-VA) with $2.83 million, Thom Tillis (R-NC) $2.24 million, Cory Booker (D-NJ) $1.56 million, and John Cornyn (R-TX) $1.54 million.
Sen. Warner is preparing for a possible challenge from Gov. Glenn Youngkin (R) and Sen. Tillis may face an electoral battle with former Gov. Roy Cooper (D), while Sen. Cornyn is facing a Republican primary challenge with Attorney General Ken Paxton and possibly Rep. Wesley Hunt (R-Houston), among others. Sen. Booker will have an easy ride to re-election next year, but his heavy activity could be a clue that he is preparing another presidential run.
A key point from the report comes from Sen. Dick Durbin (D-IL). He has not yet said if he will seek a sixth term next year. Age is an issue because he will turn 82 just after the 2026 election. The fact that Sen. Durbin raised only $42,000 during the entire 1st quarter when the incumbent average for the period was $1.18 million suggests we may see another retirement announcement soon forthcoming.
House
In House reporting, 462 presumed candidates filed disclosure statements. The aggregate House money raised for the 1st Quarter 2025 was $177,248,000 for a mean average of $383,653 per unit.
This number actually skews high because 31 House candidates, 28 of whom are incumbents, each raised over $1 million for the quarter. The most well-known House members did the best.
The top quarter fundraiser was Rep. Alexandria Ocasio-Cortez (D-NY) with a huge $9.55 million obtained. In fact, despite being in the minority, Democratic candidates were the top three first quarter fundraisers. Following Ocasio-Cortez are Minority Leader Hakeem Jeffries (D-NY) with $3.7 million raised with Rep. Ro Khanna (D-CA) closely behind posting $3.6 million in receipts.
Not surprisingly, the top Republican was House Speaker Mike Johnson (R-LA) who gathered $3.23 million. The two other top GOP fundraisers were also conference leaders, Majority Leader Steve Scalise (R-LA) and Majority Whip Tom Emmer (R-MN) with dollar totals of $2.43 million and $1.98 million.
Three non-incumbents were in the $1 million-plus club for the first quarter, and they, too, are Democrats. New York candidate Blake Gendebien raised $3.05 million in preparation for an anticipated special election to replace Rep. Elise Stefanik (R-Schuylerville), but such a vote will not occur this year as her nomination to the United Nations was withdrawn. Gendebien can be expected to run in the 2026 general election, however, particularly if Rep. Stefanik decides to enter the New York Governor’s campaign.
Colorado candidate Manny Rutinel and Wisconsin’s Rebecca Cooke also topped $1 million in gross receipts, but it appears they will have to spend much of their money against other Democrats. Each is being challenged for the party nomination in CO-8 and WI-3 to oppose Reps. Gabe Evans (R-CO) and Derrick Van Orden (R-WI), respectively.
Perhaps the bigger surprise of the fundraising quarter is how much money the most aggressive incumbents have in the bank. The average cash-on-hand figure for the 31 individuals in the million-plus club is $3.75 million. This number, however, is skewed by the four members with the most in their campaign committee accounts.
Rep. Raja Krishnamoorthi (D-IL) has the most cash at $19.5 million on hand. He has so much largely because Sen. Dick Durbin (D) may retire, and the Congressman is a virtual certain contender to run for an open Senate seat. The other three are: Reps. Khanna ($13.4 million), Ritchie Torres (D-NY) who may run for Governor ($12.85 million), and Ocasio-Cortez ($8.3 million).
Together, these four members hold 46.4 percent of the total cash-on-hand of the 31 top House fundraisers. The average cash-on-hand figure for the other 27 is $2.31 million.