Show Us The Money
Stephen Skoly, a Republican challenger running for Rhode Island's 2nd Congressional District, raised $107,585 in total receipts for the 2026 cycle. But most of that money came from his own pocket. Skoly loaned his campaign $90,000, leaving just $17,585 in contributions from individual donors. He received no money from political action committees, no party contributions, and no transfers from other committees.
With no PAC or organizational money on the books, Skoly's fundraising picture is almost entirely self-funded. His campaign has spent $5,236 so far, leaving $102,349 in cash on hand. The campaign still carries $90,000 in debt, the full amount of his personal loan, which remains unpaid.
Candidate Rankings
Among all candidates running in Rhode Island in the 2026 cycle, Skoly's fundraising puts him toward the lower end of the field. Total fundraising across all Rhode Island federal candidates has reached $37 million, and Skoly's $107,585 represents less than one-third of one percent of that statewide total.
The top fundraisers in the state tell a different story. John F. Reed raised $2,602,598.50 and has $3,429,481.34 in ending cash. Gabriel F. Amo raised $1,158,839.46, while Seth Magaziner raised $1,035,480.08. These figures dwarf Skoly's total and highlight the vast gap in congressional fundraising in Rhode Island between well-established candidates and challengers early in the cycle.
Incumbents vs Challengers
Incumbents running in Rhode Island are generally outpacing challengers and open-seat candidates by a wide margin in cash on hand and donor support. Skoly, running as a challenger with no incumbent status, faces a significant financial gap heading into the primary and general election. This pattern mirrors national trends, in which sitting members of Congress consistently outraise their opponents by substantial margins.
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Source: Federal Election Commission (FEC), data current as of March 31, 2026.
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