Vol. I, No. 1Washington, D.C.Free

Swamp Watch / Explainers

Explainer

How to read an FEC filing

Every federal candidate and PAC reports its money to the Federal Election Commission. This guide covers where to find the reports and what the forms mean.

Where to find filings

Federal campaign finance reports are free and public at FEC.gov. You can search by candidate or committee name, then open individual reports or browse receipts and disbursements across reports.

The main forms

Candidate committees file Form 3. PACs and party committees, including super PACs, file Form 3X. Each report starts with a summary page of totals, followed by schedules with the details.

The schedules that matter

Schedule A lists itemized receipts: who gave, how much, when, and the donor's employer and occupation. Committees must itemize donors whose contributions add up to more than $200, counted per election cycle for candidate committees and per calendar year for PACs and parties. Schedule B lists disbursements, meaning what the committee spent and who it paid. Schedule E lists independent expenditures, the ads and mailers that super PACs buy to support or oppose candidates.

Timing

Most committees report quarterly or monthly, with extra reports before and after elections. In the final weeks before an election, candidates must also file 48-hour notices for large contributions.

Reading carefully

A donor's employer field can reveal patterns, such as many employees of one company giving on the same day. Refunds, transfers between committees, and earmarked gifts routed through conduits can make totals look larger or smaller than they are, so we check the full report before citing a figure.

In our reporting

Related receipts

Recent Swamp Watch receipts on this subject.