816 people have filed with the FEC to run for president in 2020
According to the Federal Election Commission (FEC), 816 people have filed a Statement of Candidacy to run for president in 2020. This includes 274 Democrats, 116 Republicans, 34 Libertarians, and 15 Green Party candidates. The number of declared presidential candidates for 2020 is now higher than any year since 1980, except for 2016 when 1,780 candidates filed with the FEC to run for president by election day.
To become a presidential candidate, a person needs to complete FEC Form 2, “Statement of Candidacy,” which is two pages and can be done online. On it, one declares the name and address of a principal campaign committee, which is who the FEC will contact to ensure they're filing the proper financial reports if they raise or spend more than $5,000 on your campaign.
Presidential candidates who raise funds for their campaign can receive a salary from their campaign committee, subject to certain conditions. Among them:
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“The salary must not exceed the lesser of the minimum annual salary for the federal office sought or what the candidate received as earned income in the previous year.” The salary of the President of the United States is $400,000.
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“Payments of salary from the committee must be made on a pro-rata basis (a candidate may not receive a whole year's salary if he or she is not a candidate for an entire 12-month period).”
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“The first payment of salary shall be made no sooner than the filing deadline for access to the primary election ballot in the state in which the candidate is running for office.” Although states are still finalizing their filing deadlines for the 2020 presidential primary, the first one isn’t expected until the fourth quarter of 2019.
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