From a brutal exposé in The Daily Beast of the more prominent Tea Party PAC's, titled, Flushing Money Down the Tea Party Toilet. Figures represent a year and a half of operation, from January 1, 2013 to June 30, 2014:
Tea Party Leadership Fundhttp://www.thedailybeast.com/...
Total receipts were $4,862,790, with expenses of $4,054,288 and $650,260 benefiting candidates; that’s 87 percent on expenses and 13 percent to candidates...
Tea Party Patriots
Total receipts were $10,659,371, with expenses of $9,263,753 and $1,027,354 benefiting candidates. That’s 90 percent on expenses and 10 percent to candidates...
Total receipts were $3,801,897, with expenses of $3,675,432 and $326,810 benefiting candidates. That’s 91 percent on expenses and 9 percent to candidates...
Total receipts were $2,068,666, with expenses of $2,120,019 and $106,000 benefiting candidates. That’s 95 percent on expenses and 5 percent to candidates. With just a measly one-hundred grand in candidate support, Sarah Palin’s PAC basically has taken a shotgun approach by doling out $5,000 cash contributions to eight senatorial candidates, and a half-dozen House candidates, most of which are notable for their primary losses.
Tea Party Express
Total receipts were $9,501,795, with expenses of $9,447,467 and $381,098 benefiting candidates. That’s 96 percent on expenses and 4 percent to candidates. As worthless as the Tea Party Express is in rationing out just a mere 4 percent to candidates, they too must have their politicking prowess questioned when more than $200,000 of their total went to Owen Hill, who withdrew in March when Cory Gardner stepped into the race.
I mean, we knew Sarah was a grifter, but 5%? Yowch. It makes one wonder how much of one's subscription price for her online "TV channel" actually goes into the programming, as opposed to her shoe closet. Or her booze bill, also, too.
As shown above, only Tea Party Express is even worse, with a measly 4% of donations going to candidates. Looks like the Teabaggers are being played for suckers (no pun intended).
From Murphoney in the comments:
Also, too -- 3 of the 5 show negative cash flow...
including the namesake of McCain's girl Friday.
In fact, Sarah shows the only scorecard where expenses alone outpace receipts -- before PAC-purpose-driven distributed funds (of course).
The next question is: what is the breakdown of "expenses" among Salary and Administrative and Other?
Do these griftivists have to file a public form equivalent to a 501(c)3's Form 990 for their Political Action Cons?