Political nonprofit spent nearly 100 percent of funds to elect Tillis in ’14

A social welfare group called Carolina Rising spent 97 percent of the money it raised in the 2014 midterm elections — nearly $5 million — running ads that helped Sen. Thom Tillis (R-N.C.) defeat the incumbent Democrat that cycle.

The group, formed by political operative Dallas Woodhouse in late March 2014, did virtually nothing else. Its first tax filing, obtained by the Center for Responsive Politics, shows that the organization raised nearly $4.9 million in its first year — $4.8 million of it from a single donor; nearly all of that went out the door to a prominent political media firm in Virginia for ads mentioning Tillis, while the rest was spent on payments to an LLC started by Woodhouse only months earlier.