Home>Campaigns>Richter struggles to raise money, with Kim at a 12-1 cash advantage in NJ-3

Republican congressional candidate David Richter. (Photo: Kevin Sanders for New Jersey Globe)

Richter struggles to raise money, with Kim at a 12-1 cash advantage in NJ-3

Republican challenger raised $569k in Q3, including $100,000 of his own money

By David Wildstein, October 15 2020 9:26 pm

Republican David Richter raised just $568,793 during the 3rd quarter – significantly less than the $2 million haul of incumbent Rep. Andy Kim (D-Moorestown) during the same time period – and has $180,430 cash-on-hand.

Richter put $100,000 of his own money into his campaign to pick up New Jersey’s 3rd district congressional seat in a district that Donald Trump carried by four points in 2016.   That brings the former Hill International CEO’s personal investment to $700,000 so far this cycle.

He reported spending $511,306 between July 1 and September 30.

Kim, a former Obama White House aide, ousted two-term Rep. Tom MacArthur (R-Toms River) in 2018 in the closest House race in the state.

The freshman South Jersey Democrat raised $2,070,401 in  the 3rd quarter and has a $6,572,235 fundraising haul since entering Congress in January 2019.   Kim has $2,202,307 in his warchest.

Richter has raised $1,376,357 since becoming a candidate for Congress, including what he raised in 2019 as a challenger to Rep. Jeff Van Drew in the 2nd district.  He was the front-runner for the GOP nomination, but changed to the 3rd earlier this year after Van Drew switched parties and secured the endorsement of Trump and most of the Republican county chairs.

In the July GOP primary, Richter defeated former Burlington County Freeholder Director Kate Gibbs by a 61%-39% margin.

Sabato’s Crystal Ball on Thursday adjusted its rating for the district, moving it from “leans Democratic” to “likely Democratic,” citing indicators that suggested former Vice President Joe Biden would do well against President Donald Trump there.

The Cook Political Report rates the race as “leans Democratic.”

The third district has 15,438 more Democrats than Republicans. When Kim ousted MacArthur, Democrats had a 12,178-voter registration edge.

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