RNC Raises $5.7 Million in January Under New Chairman Reince Priebus

"We owe a lot of our success to major donors who helped us reach 180 percent of our monthly major donor goal, and we were able to accomplish that in the last two weeks of January," Priebus (pictured) said in a statement, adding that the committee still has "a lot of work to do."

Indeed, the RNC remains deep in the red, disclosing to the Federal Election Commission that it's carrying nearly $22 million in debt. It has $2.1 million cash on hand.

The Democratic National Committee is also struggling with debt as the 2012 election cycle looms.

The DNC reported it is nearly $17 million in the red, with about $9 million in the bank, according to CNN.

But the DNC also had a profitable start to 2011, raising $7.2 million last month.