Showing posts with label receipts. Show all posts
Showing posts with label receipts. Show all posts

Friday, April 16, 2010

What's Wrong With Sarah PAC?

It is inefficient.

A PAC's efficiency is an objective way of measuring how well a PAC performs. It measures a PAC's support for candidates by comparing a PAC's contributions to candidates with the PAC's receipts. A PAC's efficiency is simply contributions divided by receipts.

In its latest quarterly filing of April 13, amended April 14, Sarah PAC reported receipts of $400481.95 (line 19, here). On line 23 of the same report, Sarah PAC reported $9500.00 in contributions to Federal Candidates/Committees and Other Political Committees. $9500.00 divided by $400481.95 yields an efficiency of 2.4% (rounded generously).

What an efficiency of 2.4% means is that for every $100.00 donated to Sarah PAC, only $2.40 finds its way to Federal Candidates/Committees and Other Political Committees.

A report from The Center For Public Integrity mentioned that "Federal Election Commission data show the average federal PAC in the recent 2007-2008 cycle dedicated about 35 percent of spending to contributions aiding federal candidates."

With such extremely poor, far below average efficiency, it is clear that Sarah PAC is primarily benefiting people and organizations closely associated with the PAC.