Obama collected $114 million in August, while challenger Mitt Romney and the Republican National Committee took in more than $111 million, Politico reported Monday.
Obama's campaign said the average donation for August was $58 and 98 percent of the donations were $250 or less.
Romney for President, Romney Victory, and the RNC said they raised $111.6 million in August, Romney's campaign said.
His campaign, the national committee and state party participants have about $168.5 million cash on hand.
Obama's campaign did not release cash-on-hand totals, Politico said.
Romney's campaign said slightly more than 94 percent of all donations received in August were $250 or less.
Millions of Getty images now available for free via embed tool
Aaron Carter is still in love with Hilary Duff