A major theme of the presidential campaign was the stunning ability of Barack Obama to tap into an unprecedented universe of donors, many of them outside the realm of fat-cat contributors who typically fill campaign coffers on both sides of the aisle. But according to a new study by the Campaign Finance Institute, donors giving less than $200 accounted for just 26 percent of Obama’s total contributions — roughly the same level as George W. Bush in 2004. John McCain received just 21 percent of his contributions from such small donors, while 20 percent of John Kerry’s campaign was funded by donors giving less than $200 in the last presidential election.

“The myth is that money from small donors dominated Barack Obama’s finances,” said CFI’s executive director Michael Malbin, in a statement announcing the report’s findings. “The reality of Obama’s fundraising was impressive, but the reality does not match the myth.”