President Biden’s re-election campaign announced Sunday that it raised $71.3 million with the Democratic National Committee and the Joint Fundraising Committee during the three-month period ending in September, a tally that dwarfs what his Republican rivals have raised. but it is not compared to where President Donald J. Trump was at this moment four years ago.
The campaign said the three fundraising vehicles had a combined $90.5 million in cash. It was not disclosed how the money was split between the three fundraising vehicles.
“It was a spectacular district,” Jeffrey Katzenberg, the Hollywood mogul whom Mr. Biden named co-chairman of his campaign, said in an interview on Saturday. “It certainly exceeded our own expectations in that regard. The fact that we have $91 million in the bank today is really a tremendous asset.”
But Mr. Biden’s fundraising is well below the $125 million that Mr. Trump and the Republican National Committee raised during the same period of his 2020 re-election campaign. And that’s just a touch more than President Obama and the DNC raised $70.1 million at this point in his 2012 campaign — at a time when individual contribution limits were far lower than they are today.
In an interview, Mr. Katzenberg dismissed comparisons to such campaigns as “comparing apples to submarines.”
Comparisons to Mr. Obama’s 2012 campaign fundraising efforts are indeed inaccurate, as a 2014 Supreme Court decision and other legislative changes now allow candidates and parties to form joint fundraising committees that can accept individual donations of nearly $1 million. In 2012, Obama and the DNC could only raise $30,500 per person.
More revealing details about the financial status of the Biden campaign will emerge when the committees file quarterly reports required by the Federal Election Commission. They should be paid by the end of the week; a campaign official said the reports would become public late Sunday night.
Among the most significant details in the campaign’s fundraising report will be the amount of money he raised from donors who gave less than $200.
These so-called small donors are vital to presidential efforts because they can be recruited to give again and again during a long campaign. During the three-month fundraising period that ended in June, $10.2 million in contributions to Biden’s efforts, or about 21 percent, came from small donors, an amount smaller in percentage terms and in real dollars than the Trump and Obama campaigns during comparable time periods.
Although the Biden campaign did not disclose how much of its share came from small donors, the official, who asked to remain anonymous because they were not authorized to speak for the campaign, revealed that 49 percent of its $71.3 million came from donors who gave online or mail programs. The campaign expected about 36 to 37 percent of fundraising in the third quarter to come online or by mail.
Mr. Biden’s fundraising total far exceeds what his Republican rivals reported for the third quarter.
Trump’s campaign reported raising $45.5 million, with $37.5 million in cash. Governor Ron DeSantis of Florida raised $15 million. Nikki Haley, the former governor of South Carolina, raised $11 million. Aides to Sen. Tim Scott of South Carolina disclosed to Republican donors this week that his campaign began in October with $11.6 million in cash, more than either Mr. DeSantis or Ms. Haley.
The Biden campaign trumpeted a string of fundraising numbers that officials said proved there was real enthusiasm for their candidate, even though polls show Mr. Biden is unpopular and suggest he has not generated enthusiasm in his own party.
The campaign said it attracted 240,000 donors who contributed to the campaign in 2020 and that 97 percent of contributions were less than $200. A contest for a chance to meet both Mr. Biden and Mr. Obama raised “nearly $2.5 million,” according to the campaign, while sales of mugs featuring Mr. Biden’s face with the “Dark Brandon” meme brought in “close to $2 million” in August and in September.