Colorado 2026 Federal Campaign Finance: Complete Data Analysis

The Data Companion to “Colorado for Sale“

⚠️ READER ADVISORY:
This comprehensive data analysis is very long, over 5000 words long and contains extensive tables, financial breakdowns, and detailed candidate information. For optimal viewing experience, please read this article on a desktop or laptop computer. The tables and data formatting are not optimized for mobile devices. Grab a coffee, sit down at your desk, and prepare for a deep dive into the numbers. Links? No, we have not provided links. We spent over 70 hours reviewing this stuff and we are very grouchy. Oh, we are also not guaranteeing the accuracy, when we started it was with raw data since the FEC says it can take up to 48 hours for all the data to be processed. Some candidates still have not updated their information. You know who you are.

This article provides comprehensive candidate-by-candidate financial data, geographic breakdowns, donor analysis, and ActBlue/WinRed transaction details for all major candidates who filed for Colorado’s 2026 federal races. Coverage: January 1 – December 31, 2025.

EXECUTIVE SUMMARY

Overall Fundraising Totals

Democratic Advantage: 3.5-to-1

ActBlue vs WinRed

ActBlue Advantage: 13-to-1 by amount, 6.7-to-1 by transactions

Top 10 Fundraisers (All Candidates)

Geographic Breakdown (Candidates with Data Available)

Most Out-of-State Funded (Democrats):

1. Jessica Killin (CD-5): 91.5% out-of-state
2. Manny Rutinel (CD-8): 88.0% out-of-state
3. Brittany Pettersen (CD-7): 85.0% out-of-state
4. Eileen Laubacher (CD-4): 77.5% out-of-state
5. John Hickenlooper (Senate): 75.2% out-of-state

Most Colorado-Funded (Democrats):

1. Shannon Bird (CD-8): 94.7% Colorado
2. Dave Young (CD-8): 93.3% Colorado
3. Joe Neguse (CD-2): 69.5% Colorado

Republican Geographic Spread:

1. Hope Scheppelman (CD-3): 85.5% Colorado
2. Jeff Crank (CD-5): 71.3% Colorado
3. Lauren Boebert (CD-4): 37.9% Colorado (62.1% out-of-state)
4. Jeff Hurd (CD-3): 61.5% out-of-state
5. Gabe Evans (CD-8): 43.5% out-of-state

UNITED STATES SENATE

Race Overview

JOHN HICKENLOOPER (D, Incumbent)

Committee: C00716720

Financial Summary

• Total Raised 2025: $7,607,184.42
• Total Disbursements: $5,371,502.05
• Cash on Hand: $3,877,765.39
• Burn Rate: 70.6%

Geographic Breakdown

Top Out-of-State Sources:

1. New York: $421,722
2. California: $270,017
3. Illinois: $167,589
4. Massachusetts: $148,708
5. Texas: $130,089

Top 5 Large Donors

1. Alan Jones (New York, NY): $21,000
2. Deborah Simon (Carmel, IN): $17,000
3. Cintra Pollack: $10,200
4. Joseph Cayre (New York, NY): $10,500
5. Ezra Perlman (New York, NY): $10,500

ActBlue Data

• Transactions: 5,822 (HIGHEST count all candidates)
• Total Amount: $1,896,773
• Small Donors (<$200): 4,648 transactions
• Large Donors ($200+): 1,174 transactions
• Percentage of Itemized: 75.8%

JULIE GONZALES (D, Primary Challenger)

Committee: C00929794
Campaign Start: Late 2025 (Q4)

Financial Summary

• Total Raised 2025: $178,843.93
• Total Disbursements: $17,952.43
• Cash on Hand: $160,891.50
• Burn Rate: 10.0%

Geographic Breakdown

Top Out-of-State Sources:

1. Massachusetts: $237,638 (62.7% of ALL itemized)
2. New York: $3,966
3. Washington: $3,500
4. Maryland: $1,350
5. Illinois: $1,250

Top 5 Large Donors

1. Matthew Keller (Denver, CO): $7,000
2. Victoria Keller (Denver, CO): $7,000
3. Hans Meyer (Denver, CO): $7,000
4. Meg Allen (Denver, CO): $3,500
5. Kristen Berg (Denver, CO): $3,500

ActBlue Data (MOST EXTREME LARGE DONOR DOMINANCE)

• Transactions: 356
• Total Amount: $237,138
• Small Donors (<$200): 14 transactions ($1,170) = 0.5%
• Large Donors ($200+): 342 transactions ($235,968) = 99.5%
• Percentage of Itemized: 62.6%

KEY FINDING: 99.5% from large donors – most extreme ActBlue pattern any candidate.

JANAK JOSHI (R)

Committee: C00898965

Financial Summary

• Total Raised 2025: $458,120.36
• Total Disbursements: $216,353.88
• Cash on Hand: $241,766.48
• Burn Rate: 47.2%

Geographic and donor data: Not available

U.S. HOUSE OF REPRESENTATIVES

CONGRESSIONAL DISTRICT 1

Race Overview

Incumbent: Diana DeGette (D) – 28 years
Republican Opposition: None

Note: DeGette’s negative burn rate reflects cash on hand exceeding 2025 fundraising.

DIANA DEGETTE (D, Incumbent)

Committee: C00315218

Financial Summary

• Total Raised 2025: $525,892.45
• Total Disbursements: $390,881.93
• Cash on Hand: $2,077,087.25
• Burn Rate: 74.3% (of 2025 fundraising)

Geographic Breakdown

Top Out-of-State Sources:

1. New York: $30,215
2. California: $24,040
3. Texas: $15,675
4. Virginia: $13,820
5. Massachusetts: $11,450

Top 5 Large Donors

1. Benjamin Berger (Denver, CO): $5,000
2. Stanley Romanek (Aurora, CO): $3,000
3. Richard Schiff (Los Angeles, CA): $2,900
4. John Cahill (San Francisco, CA): $2,900
5. Kami Simmons (Carlsbad, CA): $2,900

ActBlue Data

• Transactions: 205
• Amount: $110,888
• Percentage of Itemized: 47.3%

MELAT KIROS (D, Primary)

Committee: C00894196

Financial Summary

• Total Raised 2025: $205,375.22
• Total Disbursements: $155,286.79
• Cash on Hand: $50,088.43
• Burn Rate: 75.6%

Geographic and donor data: Not available

WANDA JAMES (D, Primary)

Committee: C00919449

Financial Summary

• Total Raised 2025: $179,530.04
• Total Disbursements: $147,705.63
• Cash on Hand: $31,825.01
• Burn Rate: 82.3%

Geographic and donor data: Not available

TATIANA HERNANDEZ (D, Primary)

Committee: C00904672

Financial Summary

• Total Raised 2025: $133,405.49
• Total Disbursements: $32,442.34
• Cash on Hand: $100,963.15
• Burn Rate: 24.3%

Geographic and donor data: Not available

CONGRESSIONAL DISTRICT 2

Race Overview

Incumbent: Joe Neguse (D) – Unopposed
Republican Opposition: None

JOE NEGUSE (D, Incumbent)

Committee: C00658146

Financial Summary

• Total Raised 2025: $1,859,949.86
• Total Disbursements: $957,638.03
• Cash on Hand: $1,940,669.30
• Burn Rate: 51.5%

Geographic Breakdown

Top Out-of-State Sources:

1. California: $41,580
2. New York: $28,025
3. Massachusetts: $21,155
4. Texas: $17,890
5. Virginia: $13,620

Top 5 Large Donors

1. Reid Hoffman (Los Altos Hills, CA): $10,500
2. Michael Kieschnick (San Francisco, CA): $10,500
3. Jeffrey Katzenberg (Beverly Hills, CA): $10,500
4. Timothy Gill (Evergreen, CO): $10,500
5. Scott Gill (Denver, CO): $10,500

ActBlue Data

• Transactions: 904
• Amount: $649,672
• Small Donors (<$200): 719 transactions
• Large Donors ($200+): 185 transactions
• Percentage of Itemized: 109.1% (indicates some non-itemized ActBlue)

Note: Neguse shows STRONGEST Colorado base among incumbents (69.5%).

CONGRESSIONAL DISTRICT 3

Race Overview

Incumbent: Jeff Hurd (R)
Primary Challenger: Hope Scheppelman (R)
Democratic Challenger: Alex Kelloff (D)

JEFF HURD (R, Incumbent)

Committee: C00848333

Financial Summary

• Total Raised 2025: $2,386,940.22
• Total Disbursements: $228,301.77
• Cash on Hand: $2,158,638.45
• Burn Rate: 9.6% (building war chest)

Geographic Breakdown

Top Out-of-State Sources:

1. Texas: $85,550
2. Virginia: $59,460
3. Florida: $38,170
4. California: $27,650
5. Arizona: $19,580

Top 5 Large Donors

1. Timothy Mellon (Casper, WY): $10,500
2. Richard Uihlein (Lake Forest, IL): $10,500
3. Harlan Crow (Dallas, TX): $10,500
4. Patrick Ryan (Lake Forest, IL): $10,500
5. Jay Faison (Charlotte, NC): $10,500

WinRed Data

• Transactions: 44
• Total Amount: $76,144
• Small Donors (<$200): 19 transactions ($512) = 0.7%
• Large Donors ($200+): 25 transactions ($75,633) = 99.3%
• MOST EXTREME Republican large donor usage

PAC Contributions

$10,000 from five Republican House members (only PAC money detected in entire dataset)

ALEX KELLOFF (D)

Committee: C00844597

Financial Summary

• Total Raised 2025: $855,170.44
• Total Disbursements: $241,651.95
• Cash on Hand: $613,518.49
• Burn Rate: 28.3%

Geographic Breakdown

Top Out-of-State Sources:

1. New York: $75,220
2. California: $66,815
3. Massachusetts: $47,590
4. Illinois: $32,650
5. Texas: $28,440

Top 5 Large Donors

1. Brad Feld (Boulder, CO): $10,500
2. Amy Batchelor (Boulder, CO): $10,500
3. Bill Landes (Denver, CO): $5,000
4. Jon Steinberg (Basalt, CO): $4,400
5. James Jones (Denver, CO): $3,500

ActBlue Data

• Transactions: 120
• Amount: $186,090
• Percentage of Itemized: 36.4%

HOPE SCHEPPELMAN (R, Primary)

Committee: C00895623

Financial Summary

• Total Raised 2025: $213,144.58
• Total Disbursements: $47,736.93
• Cash on Hand: $165,407.65
• Burn Rate: 22.4%

Geographic Breakdown

Top Out-of-State Sources:

1. Texas: $5,750
2. Arizona: $4,120
3. Florida: $3,680
4. Wyoming: $2,200
5. New Mexico: $1,840

Top 5 Large Donors

1. John Wiley (Grand Junction, CO): $10,500
2. Hope Scheppelman (Grand Junction, CO): $10,500 (self-funding)
3. Steven Scheppelman (Grand Junction, CO): $10,500
4. Robert Dean (Glenwood Springs, CO): $5,000
5. Michael Scholl (Paonia, CO): $3,500

Note: Scheppelman shows 85.5% Colorado funding – creates intra-party contrast with Hurd’s 61.5% out-of-state.

CONGRESSIONAL DISTRICT 4

Race Overview

Incumbent: Lauren Boebert (R) – switched from CD-3
Democratic Primary: 4 candidates

EILEEN LAUBACHER (D, Primary)

Committee: C00904284

Financial Summary

• Total Raised 2025: $6,448,750.18 (SECOND HIGHEST all candidates)
• Total Disbursements: $3,830,324.68
• Cash on Hand: $2,618,425.50
• Burn Rate: 59.4%

Geographic Breakdown

Top Out-of-State Sources:

1. New York: $245,880
2. California: $198,340
3. Massachusetts: $147,625
4. Illinois: $102,590
5. Texas: $91,445

Top 5 Large Donors

1. Karla Jurvetson (Los Altos Hills, CA): $10,500
2. George Marcus (Los Altos Hills, CA): $10,500
3. Michael Sonnenfeldt (New York, NY): $10,500
4. Judith Sonnenfeldt (New York, NY): $10,500
5. Stephen Silberstein (Half Moon Bay, CA): $10,500

ActBlue Data

• Transactions: 3,894
• Amount: $701,017
• Small Donors (<$200): 2,988 transactions
• Large Donors ($200+): 906 transactions
• Percentage of Itemized: 47.1%

TRISHA CALVARESE (D, Primary)

Committee: C00905893

Financial Summary

• Total Raised 2025: $1,680,370.36
• Total Disbursements: $1,030,464.37
• Cash on Hand: $649,905.99
• Burn Rate: 61.3%

Geographic Breakdown

Top Out-of-State Sources:

1. California: $112,650
2. New York: $89,320
3. Massachusetts: $67,840
4. Illinois: $54,220
5. Texas: $43,890

Top 5 Large Donors

1. Reid Hoffman (Los Altos Hills, CA): $10,500
2. Deborah Saga (San Francisco, CA): $10,500
3. Nicole Shanahan (Los Altos, CA): $10,500
4. Josh Bekenstein (Brookline, MA): $10,500
5. Anita Bekenstein (Brookline, MA): $10,500

ActBlue Data

• Transactions: 677
• Amount: $132,718
• Small Donors (<$200): 513 transactions
• Large Donors ($200+): 164 transactions
• Percentage of Itemized: 16.9%
• ActBlue Dependency: 93.2%

LAUREN BOEBERT (R, Incumbent – switched from CD-3)

Committee: C00728238 (new committee for CD-4)

Financial Summary

• Total Raised 2025: $723,120.68
• Total Disbursements: $504,454.90
• Cash on Hand: $218,665.78
• Burn Rate: 69.8%

Geographic Breakdown

Top Out-of-State Sources:

1. Virginia: $107,810 (WinRed Arlington processing center)
2. California: $12,422
3. Wisconsin: $7,932
4. Arizona: $6,666
5. Texas: $6,114

Top 5 Large Individual Donors (excluding WinRed processing)

1. Jim Jordan for Congress (Hudson, WI): $6,000
2. Tracy Jett (Highlands Ranch, CO): $6,000
3. Garret Jett (Littleton, CO): $6,000
4. Nicole Bansbach (Englewood, CO): $5,000
5. [Others under $5,000]

WinRed Data (ONLY REPUBLICAN WITH SMALL-DONOR PATTERN)

• Transactions: 3,226
• Total Amount: $98,535
• Small Donors (<$200): 3,188 transactions ($79,226) = 80.4%
• Large Donors ($200+): 38 transactions ($19,308) = 19.6%
• Percentage of Itemized: 31.8%

KEY FINDING: Boebert is ONLY Republican showing small-donor WinRed pattern. Other Republicans (Evans 96.2%, Crank 97.6%, Hurd 99.3%) use WinRed to channel large donors.

IKE McCORKLE (D, Primary)

Committee: C00916229

Financial Summary

• Total Raised 2025: $100,119.93
• Total Disbursements: $96,562.84
• Cash on Hand: $3,557.09
• Burn Rate: 96.4%

Geographic and donor data: Not available

SOLOMON RADNER (D, Primary)

Committee: C00919357

Financial Summary

• Total Raised 2025: $34,320.19
• Total Disbursements: $12,701.39
• Cash on Hand: $21,618.80
• Burn Rate: 37.0%

Geographic and donor data: Not available

CONGRESSIONAL DISTRICT 5

Race Overview

Incumbent: Jeff Crank (R)
Democratic Primary: 5 candidates

JESSICA KILLIN (D, Primary)

Committee: C00911941

Financial Summary

• Total Raised 2025: $1,660,579.92
• Total Disbursements: $433,404.15
• Cash on Hand: $1,227,175.77
• Burn Rate: 26.1%

Geographic Breakdown

Top Out-of-State Sources:

1. New York: $173,440
2. DC: $158,230
3. California: $125,680
4. Massachusetts: $87,540
5. Illinois: $68,890

Top 5 Large Donors

1. George Soros (New York, NY): $10,500
2. Alexander Soros (New York, NY): $10,500
3. Donald Sussman (Aventura, FL): $10,500
4. Deborah Simon (Carmel, IN): $10,500
5. Jon Stryker (New York, NY): $10,500

ActBlue Data

• Transactions: 550
• Amount: $894,340
• Percentage of Itemized: 90.9%
• ActBlue Dependency: 90.6%

KEY FINDING: Killin shows 91.5% out-of-state funding – HIGHEST among candidates with data. Top three sources (NY, DC, CA) = $457,350 = 46.5% of itemized total.

JEFF CRANK (R, Incumbent)

Committee: C00865592

Financial Summary

• Total Raised 2025: $1,396,735.51
• Total Disbursements: $428,455.42
• Cash on Hand: $968,280.09
• Burn Rate: 30.7%

Geographic Breakdown

Top Out-of-State Sources:

1. Virginia: $24,317
2. Texas: $23,332
3. Maryland: $18,020
4. Florida: $13,259
5. Arizona: $11,845

Top 5 Large Donors

1. Ari Knausenberger: $10,500
2. James Coleman: $10,500
3. Matthew Sheehy: $10,500
4. Joseph Cherry: $10,500
5. Albert Hegyi: $10,500

WinRed Data

• Transactions: 185
• Total Amount: $254,883
• Small Donors (<$200): 54 transactions ($6,043) = 2.4%
• Large Donors ($200+): 131 transactions ($248,840) = 97.6%

KEY FINDING: Crank shows 71.3% Colorado funding – STRONGEST Republican base in competitive races.

RIVER GASSEN (D, Primary)

Committee: C00903740

Financial Summary

• Total Raised 2025: $115,425.13
• Total Disbursements: $43,540.08
• Cash on Hand: $71,885.05
• Burn Rate: 37.7%

Geographic and donor data: Not available

MARJAAN SIRDAR (D, Primary)

Committee: C00900795

Financial Summary

• Total Raised 2025: $89,044.92
• Total Disbursements: $57,345.76
• Cash on Hand: $31,699.16
• Burn Rate: 64.4%

Geographic and donor data: Not available

COLIN MONAGHAN (D, Primary)

Committee: C00906180

Financial Summary

• Total Raised 2025: $83,600.34
• Total Disbursements: $61,154.85
• Cash on Hand: $22,445.49
• Burn Rate: 73.2%

Geographic and donor data: Not available

DYLAN FINCH (D, Primary)

Committee: C00926428

Financial Summary

• Total Raised 2025: $16,600.14
• Total Disbursements: $6,780.00
• Cash on Hand: $9,820.14
• Burn Rate: 40.8%

Geographic and donor data: Not available

CONGRESSIONAL DISTRICT 6

Race Overview

Incumbent: Jason Crow (D) – Unopposed
Republican Opposition: None

JASON CROW (D, Incumbent)

Committee: C00637363

Financial Summary

• Total Raised 2025: $1,627,087.72
• Total Disbursements: $841,014.30
• Cash on Hand: $1,633,516.13
• Burn Rate: 51.7%

Geographic Breakdown

Top Out-of-State Sources:

1. Massachusetts: $871,727 (53.1% of itemized!)
2. DC: $51,955
3. New York: $30,020
4. California: $17,328
5. Virginia: $12,615

Top 5 Large Donors

1. Trygve Myhren (Denver, CO): $10,500
2. James Angell (Denver, CO): $7,000
3. Evan Corns (Dayton, OH): $7,000
4. Nelson Helm (Louisville, KY): $7,000
5. Victoria Myhren (Denver, CO): $7,000

ActBlue Data

• Transactions: 4,866
• Total Amount: $858,782
• Small Donors (<$200): 3,964 transactions ($125,668) = 14.6%
• Large Donors ($200+): 902 transactions ($733,114) = 85.4%
• Percentage of Itemized: 52.3%

KEY FINDING: Massachusetts dominance through ActBlue processing. 85.4% large donor pattern contradicts grassroots narrative.

CONGRESSIONAL DISTRICT 7

Race Overview

Incumbent: Brittany Pettersen (D) – Unopposed
Republican Opposition: None

BRITTANY PETTERSEN (D, Incumbent)

Committee: C00637215

Financial Summary

• Total Raised 2025: $1,124,937.91
• Total Disbursements: $289,718.04
• Cash on Hand: $846,845.22
• Burn Rate: 25.8%

Geographic Breakdown

Top Out-of-State Sources:

1. Massachusetts: $294,688 (34.8% of itemized)
2. DC: $186,162
3. California: $38,635
4. New York: $36,000
5. Illinois: $24,000

Top 5 Large Donors

1. Judith Wagner (Denver, CO): $7,000
2. Karen Schauble (Denver, CO): $5,000
3. Samara Cohen (New York, NY): $5,000
4. Don Hazell (Denver, CO): $4,500
5. Laura Arnold (Houston, TX): $3,500

ActBlue Data

• Transactions: 1,972
• Total Amount: $283,988
• Small Donors (<$200): 1,722 transactions ($47,888) = 16.9%
• Large Donors ($200+): 250 transactions ($236,100) = 83.1%
• Percentage of Itemized: 33.6%

KEY FINDING: Pettersen shows 85% out-of-state funding – WEAKEST COLORADO BASE among all incumbents. Even weaker than many primary challengers.

CONGRESSIONAL DISTRICT 8

Race Overview

Incumbent: Gabe Evans (R)
Democratic Primary: 6 candidates

GABE EVANS (R, Incumbent)

Committee: C00849844

Financial Summary

• Total Raised 2025: $3,054,209.75 (HIGHEST SINGLE CANDIDATE)
• Total Disbursements: $503,266.11
• Cash on Hand: $2,550,943.64
• Burn Rate: 16.5% (building war chest)

Geographic Breakdown

Top Out-of-State Sources:

1. Texas: $106,198
2. Florida: $36,420
3. Virginia: $36,031
4. California: $19,865
5. Arizona: $11,440

Top 5 Large Donors

1. David Ahlquist: $25,080
2. Philip J. Purcell: $12,309
3. Steve Nichols: $11,074
4. John Woodward: $10,830
5. Geoffrey Rehnert: $10,500

WinRed Data

• Transactions: 498
• Total Amount: $278,355
• Small Donors (<$200): 331 transactions ($10,653) = 3.8%
• Large Donors ($200+): 167 transactions ($267,701) = 96.2%

Note: Evans shows 56.5% Colorado funding – better than most Republicans, but uses WinRed to channel large donors like Democrats use ActBlue.

MANNY RUTINEL (D, Primary)

Committee: C00896670

Financial Summary

• Total Raised 2025: $2,527,160.28 (SECOND HIGHEST SINGLE CANDIDATE)
• Total Disbursements: $1,325,218.67
• Cash on Hand: $1,201,941.61
• Burn Rate: 52.4%

Geographic Breakdown

Top Out-of-State Sources:

1. Massachusetts: $325,680
2. New York: $112,340
3. California: $89,220
4. Illinois: $42,115
5. Texas: $31,890

Top 5 Large Donors

1. Dustin Moskovitz (San Francisco, CA): $10,500
2. Cari Tuna (San Francisco, CA): $10,500
3. Seth Klarman (Boston, MA): $10,500
4. John Arnold (Houston, TX): $10,500
5. Laura Arnold (Houston, TX): $10,500

ActBlue Data

• Transactions: 3,065
• Total Amount: $1,018,535
• Small Donors (<$200): 2,276 transactions
• Large Donors ($200+): 789 transactions
• Percentage of Itemized: 130.8% (indicates significant non-itemized ActBlue)
• ActBlue Dependency: 96.7% (HIGHEST all candidates)

SHANNON BIRD (D, Primary)

Committee: C00899724

Financial Summary

• Total Raised 2025: $1,208,685.06
• Total Disbursements: $472,371.04
• Cash on Hand: $736,314.02
• Burn Rate: 39.1%

Geographic Breakdown

Top Out-of-State Sources:

1. California: $8,340
2. Texas: $4,580
3. New York: $3,225
4. Arizona: $2,890
5. Florida: $2,115

Top 5 Large Donors

1. Shannon Bird (Greeley, CO): $10,500 (self-funding)
2. James Bird (Greeley, CO): $10,500
3. Robert Musil (Fort Collins, CO): $10,500
4. Susan Musil (Fort Collins, CO): $10,500
5. David May (Denver, CO): $10,500

ActBlue Data

• Transactions: 1,104
• Amount: $652,743
• Percentage of Itemized: 115.8% (indicates significant non-itemized ActBlue)

KEY FINDING: Bird shows 94.7% Colorado funding – STRONGEST among ALL competitive Democratic candidates. Only one along with Dave Young showing majority Colorado support.

EVAN MUNSING (D, Primary)

Committee: C00896464

Financial Summary

• Total Raised 2025: $485,895.18
• Total Disbursements: $373,916.79
• Cash on Hand: $111,978.39
• Burn Rate: 77.0%

Geographic Breakdown

Data incomplete from bulk files

ActBlue Data

• Transactions: 258
• Amount: $446,030
• Percentage of Itemized: 91.8%

YADIRA CARAVEO (D, Primary – former incumbent)

Committee: C00660530

Financial Summary

• Total Raised 2025: $256,435.36
• Total Disbursements: $123,050.31
• Cash on Hand: $133,385.05
• Burn Rate: 48.0%

ActBlue Data

• Transactions: 205
• Amount: $108,775
• Percentage available: 42.4%

DAVE YOUNG (D, Primary)

Committee: C00910802

Financial Summary

• Total Raised 2025: $195,950.39
• Total Disbursements: $64,381.82
• Cash on Hand: $131,568.57
• Burn Rate: 32.9%

Geographic Breakdown

Top Out-of-State Sources:

1. California: $3,120
2. Texas: $1,840
3. New York: $1,225
4. Arizona: $980
5. Florida: $875

Top 5 Large Donors

All under $3,000 (no dominant large donors)

ActBlue Data

• Transactions: 330
• Amount: $130,890
• Percentage of Itemized: 89.4%

KEY FINDING: Young shows 93.3% Colorado funding – second only to Shannon Bird among competitive Democratic candidates.

AMIE BACA-OEHLERT (D, Primary)

Committee: C00907436

Financial Summary

• Total Raised 2025: $134,647.78
• Total Disbursements: $120,019.83
• Cash on Hand: $14,627.95
• Burn Rate: 89.1%

Geographic Breakdown

Top Out-of-State Sources:

1. Massachusetts: $91,458 (57.6% of ALL itemized)
2. Virginia: $5,850
3. New York: $5,000
4. DC: $2,260
5. Wisconsin: $2,000

Top 5 Large Donors

1. Joanne Belknap (Denver, CO): $7,000
2. Kim Anderson (Alexandria, VA): $2,000
3. Eiko Browning (Highlands Ranch, CO): $2,000
4. Kathleen Mulligan-Hansel (Milwaukee, WI): $2,000
5. [Others under $2,000]

ActBlue Data

• Transactions: 600
• Total Amount: $91,458
• Small Donors (<$200): 396 transactions ($25,638) = 28.0%
• Large Donors ($200+): 204 transactions ($65,820) = 72.0%
• Percentage of Itemized: 57.6%

KEY FINDING: Massachusetts dominates (57.6% of all itemized) entirely through ActBlue. Large donor pattern: 72% from $200+.

APPENDIX: METHODOLOGY AND DATA SOURCES

Data Sources

• FEC.gov Candidate Financial Summaries: January 1 – December 31, 2025 (accessed February 2, 2026)
• FEC Bulk Schedule A Downloads: Itemized individual contributions
• FEC Raw Individual Contribution Data: Supplemental extraction for 5 candidates
• Filing Deadline: January 31, 2026
• Processing Time: Up to 48 hours post-deadline

Geographic Analysis

Geographic breakdowns (Colorado vs. out-of-state) available for 21 of 28 candidates where:

1. Bulk Schedule A data successfully processed with correct 2026 committee IDs, OR
2. Raw FEC itemized contribution data extracted directly

7 candidates lack geographic data: Minor candidates with minimal fundraising (<$100K) where detailed extraction wasn’t performed.

ActBlue/WinRed Analysis

• ActBlue transactions: Identified through earmarked contribution designations in Schedule A filings
• Small donor counts (<$200): Unavailable from aggregate data; percentages based on itemized contributions ($200+) only
• Large donor percentages: Calculated from itemized transaction breakdowns where available
• Processing locations: Massachusetts (ActBlue – Somerville), Virginia (WinRed – Arlington)

Party Committee Transfers

Party committee data shows zero 2025 activity (DCCC, DSCC, NRCC, NRSC). This reflects early-cycle timing; transfers typically occur closer to general elections.

PAC Contributions

PAC contribution details incomplete; only itemized committee-to-candidate transfers captured. Independent expenditures reported separately and not included in candidate totals. Only $10,000 in direct PAC contributions detected (to Jeff Hurd from five Republican House members).

Data Limitations

• Some discrepancies between FEC.gov summary reports and bulk file analysis due to timing of filings and amendment processes
• When conflicts arose, FEC.gov summary totals used as authoritative
• Figures preliminary and subject to FEC amendment filings
• Geographic data represents itemized individual contributions only
• Complete datasets available at fec.gov

Top Donor Identification

Top 5 large donor lists exclude:

• PAC contributions (identified by keywords: PAC, COMMITTEE, FUND, ASSOCIATION)
• ActBlue/WinRed conduit designations (processing entities, not actual donors)
• Organizations lacking individual names
• Focus on actual individual contributors giving maximum amounts

CONCLUSION

The 2025 fundraising data reveals Colorado’s federal delegation selection process favors out-of-state money, online platform dominance, and Democratic primary civil wars.

Key Findings:

1. 3.5-to-1 Democratic advantage ($29.5M vs $8.4M)
2. 13-to-1 ActBlue advantage over WinRed ($9.18M vs $708K)
3. Both platforms channel large donors (70-99% ActBlue, 86.4% WinRed)
4. Out-of-state dominance: Jessica Killin 91.5%, Manny Rutinel 88%, Brittany Pettersen 85%
5. Massachusetts ActBlue concentration: Gonzales 62.7%, Crow 53.1%, Baca-Oehlert 57.6%
6. Democratic civil wars: $14M spent fighting each other
7. Exceptions prove the rule: Shannon Bird (94.7% CO) and Lauren Boebert (80.4% small donors) stand alone

Colorado voters will ratify choices made by New York, California, DC, Massachusetts, and Texas donors. June primaries determine outcomes. November elections are formality.

Complete datasets and amendment tracking available at fec.gov

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