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LNC Finances Continue Poor

The LNC had $370,503 at the start of October. Through October 16* it had total receipts, including the Kennedy Fund, of $475,673, for a new total of $846,177. Disbursements for the period were $753,882, leaving the party with $92,295 cash on hand on October 24. As of that date, the party was owed 86,876 and had $89,436 Debts and Obligations owed by the LNC.

Contributions from individuals and other persons, not committees, came to $40,788. It also received $30,690 from other political committees and had as income $18,000 in offsets to operating expenditures. On the expenditure side, it had $27,602 in operating expenditures, of which $18,000 were offset from elsewhere, and sent $307 to other Federal Committees. In the end, of its own money it spent $9602 on its own operations.

*Corrected date thanks to Steve Dasbach.

4 Comments

  1. Stewart Flood Stewart Flood October 26, 2024

    Interesting burn rate. Don’t forget that of the cash on hand, a significant amount was recently reserved by the LNC for legal defense. So they expect something bad coming very soon.

    So three months? Two months?

    • J. M. Jacobs J. M. Jacobs October 26, 2024

      Were not people saying the same thing 9 months ago?

      • Stewart Flood Stewart Flood October 26, 2024

        I believe there were articles back in the spring predicting end-of-year failure. Come to think of it, there tend to usually be predictions of doom and gloom these days. But considering where we are in the election cycle, this is a very unstable position.

        Maybe they’ll survive. Maybe they won’t. Who knows?

        • George Phillies George Phillies Post author | October 27, 2024

          The doom predictions I recall from people I find trustworthy were for post-election events. There may have been others that I missed, predicting Summer Doom!

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