Mitt Romney's presidential effort brought in more money than President Barack Obama's for the third month in a row, according to figures released by the campaigns.
The Romney campaign and its fund-raising partners raised more than $101 million in July, while the Obama side raised $75 million, as the Republicans' maintained the money lead they opened up in June.
July was the second consecutive nine-digit fund-raising month for Romney Victory, the joint fund-raising committee of the Romney campaign, the Republican National Committee, and several state GOP parties. Romney Victory raised $106 million in June, while the Obama side raised $71 million.
With the national conventions a month out, the Romney committees have $186 million on hand, likely slightly more than their counterparts. At the beginning of July the Obama side reported having $144 million on hand, and has recently begun to spend its cash aggressively—at a rate of nearly $2 million per day in June.
Both sides attempted to portray their hauls as results of small donors and therefore reflective of grassroots support. Romney and Obama reported that contributions of $250 or less made up 94 and 98 percent of their total donations, respectively.
"Once again we see that for many people, this is more than a campaign, it is a cause," Spencer Zwick, the national finance chairman of Romney Victory, said in the fund-raising statement. "We are well on track to raise the money to be successful in November."
But the claim fails to indicate the total percentage such small donations constitute of the total amount raised. For example, 94 percent of Romney's donations may have been for small amounts, but such small gifts constituted just 14 percent of the $186 million he raised.
Obama's team did not release as detailed a report on its July fund-raising, choosing instead to tweet the amount it raised and emphasizing its small donor support. Though the Obama side's donors gave less in total, it did have more than 100,000 more donors than the Romney side.
Reporting back on last month's fundraising numbers: In July, 761,000 people donated to raise over $75 million for this campaign. Thank you.— Barack Obama (@BarackObama) August 6, 2012
Seth Cline is a reporter with U.S. News and World Report. Contact him at email@example.com or follow him on Twitter.
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