Dark money is pouring into U.S. elections, but the vast majority of it is not being disclosed to the Federal Election Commission.

The 2022 election cycle has already attracted more than $115 million in contributions from and spending by 501(c) groups reported to the FEC, OpenSecrets’ new analysis found.

Many of the top spenders on so-called “issue” ads that mention candidates are politically-active nonprofits that do not disclose their donors. Issue ads aired on TV or radio are only required to be disclosed in the weeks leading up to an election, and online ads that avoid expressly advocating for an election outcome are not required to be disclosed at all.

Nonprofits that do not disclose their donors reported less than $3 million of their independent spending to the FEC during the 2022 election cycle as of May 19.

Most of the spending on these issue ads has not been disclosed to the FEC because they do not explicitly advocate for the election or defeat of a candidate within the weeks leading up to an election.

One top dark money spender that […]

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