Congressman Ron Paul (R-TX) has raised nearly $3 million dollars during the first quarter of 2011 through his Political Action Committee and nonprofit organization.

POLITICO reported the self-described libertarian congressman raised $1 million through LibertyPAC and $2 million through his nonprofit, Campaign for Liberty. The funds from his nonprofit cannot be used for a potential political campaign.

"Dr. Paul's fundraising comes almost exclusively from individuals, not special interests," LibertyPAC director Jesse Benton told POLITICO. "He received contributions from all 50 states, and his average gift this quarter was under $70, demonstrating his broad grassroots support."

"Dr. Paul's grassroots fundraising prowess is unmatched, and any 2012 political endeavor on which he embarks will have the financial backing it takes to win."

Although Paul has not officially announced a bid for president, the Texas congressman has beat out top Republican presidential hopefuls in two Republican straw polls this year.

Nearly 18 percent of Republicans voted for Paul in the presidential straw poll conducted at a GOP Convention in Sacramento in March. He was followed by former governor Mitt Romney, who received 10.9 percent of the vote and 2010 vice presidential candidate Sarah Palin, who received 7.9 percent of the vote.

In another straw poll conducted at the Conservative Political Action Conference (CPAC) in February, Paul received 30 percent of the vote, followed by Mitt Romney with 23 percent.

Paul has planned stops in Iowa, Nevada, Mississippi and New York in April, according to POLITICO.