RFK Jr campaign spent more than it raised in January: report

The independent candidate brought in just under $2.7 million while spending over $3.2 million.

According to Politico, Kennedy's expenditures included security, staff salaries, digital media services and advertising, merchandise, and events.

Security services accounted for the biggest chunk of spending, with $430,000 going to a firm owned by Gavin de Becker in order to ensure Kennedy is safe as he traverses the country.

Staff salaries amounted to $330,000, while $260,000 was spent on digital media services and advertising. An additional $202,000 went towards manufacturing and selling campaign merchandise, and $169,000 towards catering and facility rentals for events.

Kennedy, who has managed to qualify for the ballot in two states, also spent $700,000 more than he raised during the last three months of 2023.

As Politico reports, he has relied heavily on the American Values 2024 super PAC, which recently vowed to spend upwards of $10 million to get him on the ballot in nearly a dozen crucial states.

The Democratic National Committee has complained to the Federal Election Committee about the partnership, arguing that money from the super PAC should be considered an "in-kind contribution," which is over legal limits, however, whether that goes anywhere remains to be seen.

Kennedy is not alone in spending more than he raised in January. As Reuters reports, Donald Trump brought in $8.8 million but spent over $11 million, largely on ads and mailing efforts. His competitor, Nikki Haley, raised over $11.5 million during that same time period and spent around $13 million.

The only candidate who came out of January spending less than he raised was Joe Biden. The president brought in over $15 million and spent less than $6 million.