J.D. Vance, the Republican nominee for U.S. Senate, raised considerably less money in the second quarter than Tim Ryan, his Democratic opponent.

Also, Vance’s Senate campaign would have a deficit if not for $700,000 the candidate gave it while a joint fundraising committee he uses to raise most of his money would have only a $91,626 surplus as of June 30 if it paid the outstanding debt it owes.

Vance has a campaign funding structure in place that includes his campaign account, J.D. Vance for Senate, as well as Ohioans for J.D., a joint fundraising committee with Working for Ohio. The latter is Vance’s leadership political action committee.

As of June 3, his Senate fund created Vance Victory, a joint fundraising committee with the Ohio Republican Party and Working for Ohio.

Much of the money collected by Vance’s Senate fund is transfers from Ohioans for J.D., including $525,090 of the $1,003,759 it raised in the second quarter.

Working Ohio received a $103,215 transfer from Ohioans for J.D. and raised $5,000 on its own in the second quarter.

Vance’s committees combined to raise $2,371,538 between April and June.

That’s in comparison to $9,133,487 raised in the second quarter by Ryan, a Howland Democrat solely for his Senate fund, Tim Ryan for Ohio.

Ryan also has a leadership PAC — America 2.0 — and the Tim Ryan Victory Fund 2022, a joint fundraising committee with America 2.0 and the Ohio Democratic Party.

The Ryan Victory Fund raised $764,191 in the second quarter and spent $644,579 with $605,000 of the expenses being transfers.

The fund gave $313,000 to Ryan’s Senate fund, $279,000 to the ODP and $13,000 to America 2.0. None of the funds had any debt as of June 30.

Ryan’s Senate fund received an additional $38,250 from other joint committees it has with other Senate candidates.

Vance for Senate reported having $628,611 in its fund as of June 30 with $882,884 in outstanding debt. Of that debt, $700,000 is loans Vance gave to the fund.

Ohioans for J.D. had a $292,773 surplus as of June 30, but had $201,147 in outstanding debt to three vendors for fundraising and direct mail.

Between the two funds, it owed $162,647 more than it had as of June 30. If repayment of Vance’s loan isn’t included, the funds had a combined $537,353 surplus.

Vance Victory raised $725,900 from June 3 to 30 and finished the quarter with $721,198, but because it’s a joint fundraising committee, Vance’s Senate fund is restricted in how much it can receive from it.

His leadership PAC had $461,179 in it as of June 30.

Ryan’s Senate fund had a $3,567,175 surplus as of June 30 while the victory fund and 2.0 had small surpluses of $19,137 and $14,676, respectively.

RESPONSES

Izzi Levy, Ryan’s spokeswoman, said of Vance’s campaign reports: “I think it shows what we’ve known all along: he’s a phony and a fraud. He’s flailing and he can’t keep up with Tim’s grassroots movement. They’re playing a shell game. They don’t want people to see how bad they’re doing.”

A Vance adviser said the campaign always expected to be outraised by Democrats, who are good at collecting money from small-money donors, but Vance will have the financial resources to compete and win.

Also, the adviser said Vance’s contributions are in line with other Republican candidates for open Senate seats nationwide, and Vance won the bitter May 3 GOP primary despite having millions spent against him.

Polls show a statistical tie between the two candidates with Ryan spending more than $6 million on commercials and campaigning throughout Ohio while Vance has spent little and not done much campaigning since the primary.

Vance didn’t have to worry about fundraising during the primary as Protect Ohio Values, a super PAC that backed him, did that for him.

PayPal co-founder Peter Thiel, Vance’s former boss, gave $15 million to the super PAC.

Ryan is getting considerable support from FF PAC, a major Democratic super PAC, this month. The super PAC has spent $1,429,147 — including $709,012 reported Thursday, according to Federal Election Commission filings. The super PAC is airing TV commercials critical of Vance in the Columbus and Cleveland markets.