As I understand it, this is a PAC for donating to and supporting candidates she and her followers would choose to support, not for her own candidacy, although the funds could be converted should she choose to run. It doesn’t matter if *she* is a candidate or not, she’s raising money for political purposes. $150K in donations IS a pretty paltry showing of the $2.7M raised.
It would be interesting to see how much was spent on her travel to rallies, etc. for those candidates. That is worth as much to a candidate as an actual cash donation. The PAC needs to explain that.
At the opposite end of the political spectrum, Barbara Streisand actually donates virtually nothing to candidates she supports, but her putting on a show for their benefit, even singing only one song, is worth much more than she’d have donated. It’s just the way it works. The benefits of celebrity. (But I don’t think Streisand raises money through a PAC of her own to support those candidates.)
I did some back of the envelope calculations. Assuming she did an event once a week and spent $10K for travel, lodging and speech-writing per event for herself and one or two aides, we are looking at $520K. I'd like to see an accounting for the rest.