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Charted: Organization Megadonors to the 2024 U.S. Election

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See this visualization first on the Voronoi app.

A Sankey diagram of the top ten organization megadonors to the 2024 presidential election.

Charted: Organization Megadonors to the 2024 Election

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

As the 2024 election approaches, organizations are pouring millions of dollars in to support their party of choice, or in some cases, bipartisan groups that bolster their industry.

Using data from the Federal Election Commission for the period January 1, 2023 to August 20, 2024, The Washington Post compiled the 50 top organization donors and where they spent their money. This chart maps the top 10.

Megadonors Supporting Bipartisan Groups

Crypto companies Coinbase and Ripple gave the majority of their donations to Fairshake, a super political action committee (PAC) that supports campaigns of crypto-friendly congressional candidates. Andreessen Horowitz, a venture capital firm, also supported Fairshake.

Contributions from these three megadonors totaled $180.1 million.

Megadonors Supporting Partisan Groups

The majority of the donations went to partisan groups.

DonorAmount (millions)GroupParty
Coinbase$91.1FairshakeBipartisan
Coinbase$1.5Defend American JobsRepublican
Coinbase$1.5Protect ProgressDemocrat
Coinbase$2.1Others
Empower Parents PAC$82.5Never Back Down Inc.Republican
Fund for Policy Reform$60.0Democracy PACDemocrat
Future Forward USA Action$55.9Future Forward PAC (FF PAC)Democrat
Ripple Labs$45.0FairshakeBipartisan
Ripple Labs$1.5Defend American JobsRepublican
Ripple Labs$1.5Protect ProgressDemocrat
Ripple Labs$1.0Others
AH Capital Management$44.0FairshakeBipartisan
AH Capital Management$1.5Protect ProgressDemocrat
AH Capital Management$1.5Others
AH Capital Management$1.5Defend American JobsRepublican
Koch Industries$40.0Americans for Prosperity ActionRepublican
Koch Industries$1.8Congressional Leadership FundRepublican
Koch Industries$1.5Senate Leadership FundRepublican
Majority Forward$15.8SMPDemocrat
Majority Forward$12.5Last Best Place PACDemocrat
Majority Forward$4.1Duty and CountryDemocrat
League of Conservation Voters$27.3LCV Victory FundDemocrat
League of Conservation Voters$0.2Others
United Brotherhood of Carpenters and Joiners$25.4Working for Working AmericansDemocrat
United Brotherhood of Carpenters and Joiners$1.0Strategic Victory FundDemocrat

The largest contributors to Republican organizations include the Empower Parents PAC and Koch Industries. Empower Parents PAC pledged $82.5 million pledge to Never Back Down Inc., a super PAC in support of Ron DeSantis. Koch pledged $43.3 million combined to Americans for Prosperity Action (a PAC committed to broadening economic opportunity), Congressional Leadership Fund, and Senate Leadership Fund.

Conversely, the remaining five of the top 10 megadonors supported Democratic groups. The most significant recipients were Democracy PAC, which received $60.0 million from Fund for Policy Reform, and Future Forward PAC, which received $55.9 million from Future Forward USA Action. Democracy PAC’s main mission is to support pro-democracy candidates. Future Forward is aiming to rebuild America’s middle class.

More on American Politics

If you found this interesting, check out this visualization that looks at the U.S.’s most trusted sources for government information.

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Politics

Breaking Down the U.S. Government’s 2024 Fiscal Year

Net interest payments cost the U.S. government $882 billion in fiscal year 2024, the third-largest outlay in the final budget.

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U.S. Government’s 2024 Budget Visualized

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

The U.S. government faced one of its largest budget deficits ever in fiscal year 2024, due to rising interest rates and government spending significantly exceeding revenue.

This graphic visualizes the U.S. government’s final budget results for the fiscal year 2024, showing the total receipts and outlays.

The data comes from the U.S. Department of the Treasury, with the U.S. fiscal year running from Oct. 1, 2023 to Sept. 30, 2024.

Receipts are the total revenue the government collects from taxes and other income sources. Meanwhile, outlays are the total amount the government spends on public services, programs, and other expenses.

U.S. Budget Deficit Reaches $1.8 Trillion in 2024

Below, we show the U.S. government’s total receipts by source and outlays by function for the fiscal year 2024.

CategoryItemAmount (Billions)
Receipts by SourceIndividual Income Taxes$2,426
Receipts by SourceSocial Insurance & Retirement$1,710
Receipts by SourceCorporation Income Taxes$530
Receipts by SourceExcise Taxes$101
Receipts by SourceCustoms Duties$77
Receipts by SourceMiscellaneous$43
Receipts by SourceEstate and Gift Taxes$32
Receipts by SourceTotal Receipts$4,919
Outlays by FunctionSocial Security$1,461
Outlays by FunctionHealth$912
Outlays by FunctionNet Interest$882
Outlays by FunctionMedicare$874
Outlays by FunctionNational Defense$874
Outlays by FunctionIncome Security$671
Outlays by FunctionVeterans' Benefits & Services$325
Outlays by FunctionEducation$305
Outlays by FunctionTransportation$137
Outlays by FunctionOther$311
Outlays by FunctionTotal Outlays$6,752
Deficit$1,833

The U.S. government is currently running a significant deficit of $1.83 trillion, an increase of $138 billion from fiscal year 2023.

This marks the third-largest budget deficit in U.S. history, following the pandemic-related deficits of 2020 and 2021.

The largest portion of government receipts comes from individual income taxes, which account for $2.43 trillion of the total revenue, followed by Social Insurance & Retirement contributions at $1.71 trillion.

Total receipts increased by about $479 billion from 2023 to 2024.

The biggest spending categories for fiscal 2024 were Social Security at $1.46 trillion and health at $912 billion. Total outlays increased by about $617 billion from 2023 to 2024.

Gross interest payments on the U.S. debt continue to be a significant drag on the budget, surpassing the $1 trillion mark for the first time. Net interest payments, which account for gross interest payments minus any interest income the government receives, cost the government $882 billion in 2024—more than Medicare or defense spending.

Significant and increasing government debt is expected to cause the net interest burden reach over $1 trillion in the coming years.

Learn More on the Voronoi App

To learn more about the costs of government debt, check out this graphic that shows the net interest expense as a percentage of government revenue across major nations.

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