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Donor

One Nation

Dark money

Virginia

5 gifts to 1 group, as reported to the FEC by the groups that received them.

Winner

One Nation gave $36M to super PACs and other outside groups in the 2024 federal elections, and 100% of it helped Republicans (FEC filings through Dec 31, 2024). Counting dollars, not candidates, and only races already called, 71% ended up on the winning side ($20M won, $8.2M lost).

Nonprofit tied to the Senate Leadership Fund. It does not disclose its donors.

Gave to outside spenders

$36M

100% of it helped Republicans

Ended up on the winning side

71%

$20M of the dollars in races already called

Spent on the losing side

$8.2M

Not spent yet

$7.2M

Sitting with groups that have not spent

Where the trail ends

What the IRS sees

One Nation is a 501(c)(4) social welfare group based in Haymarket, VA. It files a Form 990 with the IRS every year that shows how much money it moves, but never who gave it. That is the whole point of routing money this way.
IRS filings on ProPublica →

Revenue, 2023

$67M

from donors it does not have to name

Spent, 2023

$14M

Assets at year end, 2023

$61M

Tax yearRevenueSpentAssetsFiling
2023$67M$14M$61M990 PDF
2022$125M$156M$8.2M990 PDF
2021$65M$37M$39M990 PDF
2020$172M$196M$12M990 PDF
2019$49M$21M$36Me-file
2018$58M$64M$6.9M990 PDF
2024filed, not yet digitised990 PDF

The $36M it gave to super PACs in 2024 is 53% of what it took in during 2023, its latest year on file. The 990 lists what it spent on politics in a single line and leaves every donor blank.

One Nation also bought $5.2M of Google and YouTube ads under its own name this cycle. All ad buyers →

Where the cheques went

A nonprofit that does not have to say where its own money came from. The trail ends here. Each gift is split the way the group that received it split its spending between winners and losers, so a $10M cheque to a group that spent 80% on losers counts as $8M on the losing side.
✓ Backed the winner or attacked the loser ✗ Backed the loser or attacked the winner Result not matched
GroupGaveHow the group spent itWon / lost
Senate Leadership Fund

$7.2M not spent yet

$36M
$20M / $8.2M

The trail

What the money bought

The candidates One Nation's money was spent for or against, pro-rated by One Nation's share of each group's funding.
CandidateRaceSpendingTheir sharePaid off?
Sherrod BrownOhio SenateAttacking$8.6M✓ Yes
Robert P. Casey Jr.Pennsylvania SenateAttacking$7.1M✓ Yes
Elissa SlotkinMichigan SenateAttacking$4.4M✗ No
Jon TesterMontana SenateAttacking$3.1M✓ Yes
Tammy BaldwinWisconsin SenateAttacking$3.0M✗ No
Bernard F. MorenoOhio SenateSupporting$934K✓ Yes
Dan OsbornNebraska SenateAttacking$429K✓ Yes
Jacky S. RosenNevada SenateAttacking$406K✗ No
Sam BrownNevada SenateSupporting$406K✗ No
Donald TrumpPresidentSupporting$67K✓ Yes
Tim SheehyMontana SenateSupporting$31K✓ Yes

Dark money as classified from the FEC entity type and public reporting.

Questions people ask

How much did One Nation spend on the 2024 elections, and did it win?
One Nation gave $36M to super PACs and other outside groups in the 2024 federal elections, and 100% of it helped Republicans (FEC filings through Dec 31, 2024). Counting dollars, not candidates, and only races already called, 71% ended up on the winning side ($20M won, $8.2M lost).
Which super PACs did One Nation fund in 2024?
Senate Leadership Fund ($36M).
Which candidates did One Nation's money end up backing or attacking in 2024?
against Sherrod Brown (Ohio Senate, about $8.6M, won); against Robert P. Casey Jr. (Pennsylvania Senate, about $7.1M, won); against Elissa Slotkin (Michigan Senate, about $4.4M, lost). Amounts are the donor's share of each group's spending.