In fiscal year 2025, Appalachian State University (APP)'s Golf program reported $434K in revenue and $935K in expenses, for a net deficit of $501K. The largest revenue source was Contributions at $301K. Among the 76 FBS programs reporting Golf data, Appalachian State University ranks 65th overall in total expenses (23rd of 34 Group of Five programs) — below the FBS average of $2.0M. Appalachian State University competes in the Sun Belt; financial data is available from FY2021 through FY2025.
| Category | Amount |
|---|---|
| Contributions | $300,852 |
| Other Operating Revenue | $112,450 |
| Athletics Restricted Endowment and Investments Income | $18,531 |
| Program, Novelty, Parking and Concession Sales | $1,478 |
| In-Kind | $577 |
| Category | Amount |
|---|---|
| Sports Equipment, Uniforms and Supplies | $293,485 |
| Coaching Salaries, Benefits and Bonuses paid by the University and Related Entities | $226,736 |
| Team Travel | $209,331 |
| Athletic Student Aid | $161,260 |
| Enhanced Educational Benefits (Alston or other) | $19,296 |
| Other Operating Expenses | $12,716 |
| Game Expenses | $3,045 |
| Athletic Facilities Debt Service, Leases and Rental Fee | $2,050 |
| Student-Athlete Meals (non-travel) | $2,005 |
| Recruiting | $1,786 |
| Memberships and Dues | $1,728 |
| Direct Overhead and Administrative Expenses | $1,045 |
| Medical Expenses and Insurance | $19 |
| Fiscal Year | Revenue | Expenses | Net |
|---|---|---|---|
| FY2025 | $433,888 | $934,502 | -$501K |
| FY2024 | $282,983 | $832,811 | -$550K |
| FY2023 | $241,336 | $759,479 | -$518K |
| FY2022 | $123,928 | $557,237 | -$433K |
| FY2021 | $62,004 | $511,970 | -$450K |
The golf program operated at a $501K deficit in FY2025, with $434K in revenue — heavily reliant on contributions at $301K — falling well short of $935K in expenses. At $935K, the program ranks 65th among 76 FBS schools in golf spending, sitting well below the FBS average of $2.0M. Expenses have nonetheless grown steadily over the past five years, nearly doubling from $512K in FY2021 to $935K in FY2025, with Sports Equipment, Uniforms and Supplies representing the largest single cost at $293K.
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