Garance Franke-Ruta has done some number-crunching on the Democrats’ second quarter fundraising, and it’s looking good for Barack:
Let’s do some back-of-the-envelope math here, shall we? Last quarter, Obama brought in $25.7 million from 104,000 donors. This time around, he is shooting for 250,000 donors (his campaign currently reports 245,272). Even assuming that all Obama’s second-quarter growth was from low-dollar donors (an assumption that’s almost certainly incorrect), I don’t see how this adds up to less than $37 million. The average online political donation tends to be around $80 per person. Multiply that by 150,000 and you get $12 million, which can be added to a presumed mix of high and low-dollar donations from the other 100,000 equalling $25 million, as was the case for Obama last quarter. Even if the number of high-dollar donors among the first 100,000 was lower this time, reducing his per-donor average among the first 100,000 from close to $250 to, say, $200, his minimum total for the 250,000 would be $32 million. And a per-donor average of just $160 for all 250,000 donors would still add up to $37.5 million. His per-donor average would have to fall to $140 or below for him to raise less than $35 million; last quarter his per donor average was nearly $250.
As Garance notes, the Clinton people have already stated that they’ve raised about $27 million, so unless they’re purposefully low-balling it seems like Obama has out-raised Hillary by $10 million. Considering what institutional and fund-raising juggernauts the Clintons are, that’s mighty impressive.