People don’t trust the RNC, why would they donate money to them.
They don’t trust anyone on the GOP or conservative side if that’s your explanation. It is far from the RNC having this issue. Trump himself was grossly underfunded in 2020...do his own supporters distrust him?
We have a very serious problem on the conservative / Republican side in general with fundraising. Democrats raise mountains of cash from their small base donations, in additional to moguls like Soros. The GOP candidates are being left to twist in the wind by their base, whether they be “MAGA candidates” or not. With the Democrats already getting free media with a media in their back pocket, this is a losing proposition. Their narratives prevail with little to no opposition. Money matters. Marketing matters.