Its largest expenditures are on television and digital advertising — more than $16 million in the third quarter — and personnel. The reports show 72 people on the campaign’s staff at year’s end, though many more people have been hired since then. Officials said the campaign now had more than 120 employees on its payroll.
Mr. Biden’s campaign released its top-line fund-raising numbers two weeks ago, in the middle of the Iowa caucuses, but officials revealed few details at the time. The campaign, the Democratic National Committee and three affiliated fund-raising vehicles raised a combined $97.1 million in the final reporting period of 2023, and had $117 million in cash at year’s end.
The bulk of the money raised from individual donors, $66.9 million, came through the Biden Victory Fund, a joint fund-raising account that is split between the campaign and Democratic state parties. Individual donors can give up to $929,600 to the joint fund-raising account, the first $6,600 of which goes to the campaign itself.
“While Donald Trump lights money on fire paying the tab on his various expenses, Team Biden-Harris, powered by grass-roots donors, is hard at work talking to the voters who will decide this election and building the campaign infrastructure to win in November,” T.J. Ducklo, a Biden campaign spokesman, said in a statement.
After receiving a combined $25 million in the campaign’s first two quarterly fund-raising periods from donors who gave less than $200 — a key sign of grass-roots enthusiasm — the Biden campaign and the Biden Victory Fund reported raising $17 million from such donors in the final three months of the year.