In fiscal year 2025, Appalachian State University (APP)'s Women's Basketball program reported $96K in revenue and $2.1M in expenses, for a net deficit of $2.0M. Like most Group of Five Women's Basketball programs, Appalachian State University generates minimal direct revenue and is funded primarily through shared athletic department revenues. Among the 78 FBS programs reporting Women's Basketball data, Appalachian State University ranks 68th overall in total expenses (26th of 36 Group of Five programs) — below the FBS average of $5.2M. Appalachian State University competes in the Sun Belt; financial data is available from FY2021 through FY2025.
| Category | Amount |
|---|---|
| Ticket Sales | $29,280 |
| Program, Novelty, Parking and Concession Sales | $20,231 |
| Guarantees | $20,000 |
| Contributions | $18,148 |
| Conference Distributions of Football Bowl Generated Revenue | $5,220 |
| Athletics Restricted Endowment and Investments Income | $3,189 |
| Other Operating Revenue | $10 |
| Category | Amount |
|---|---|
| Coaching Salaries, Benefits and Bonuses paid by the University and Related Entities | $767,922 |
| Athletic Student Aid | $486,014 |
| Team Travel | $275,683 |
| Support Staff/Administrative Compensation, Benefits and Bonuses paid by the University and Related Entities | $136,706 |
| Game Expenses | $133,703 |
| Sports Equipment, Uniforms and Supplies | $93,855 |
| Recruiting | $66,191 |
| Enhanced Educational Benefits (Alston or other) | $51,131 |
| Student-Athlete Meals (non-travel) | $28,428 |
| Facilities Maintenance and Operations | $20,068 |
| Other Operating Expenses | $16,695 |
| Spirit Groups | $9,417 |
| Fund Raising, Marketing and Promotion | $8,989 |
| Severance Payments | $5,544 |
| Guarantees | $4,000 |
| Memberships and Dues | $1,005 |
| Direct Overhead and Administrative Expenses | $870 |
| Fiscal Year | Revenue | Expenses | Net |
|---|---|---|---|
| FY2025 | $96,078 | $2,106,221 | -$2.0M |
| FY2024 | $88,983 | $2,019,837 | -$1.9M |
| FY2023 | $99,384 | $1,702,516 | -$1.6M |
| FY2022 | $97,050 | $1,572,505 | -$1.5M |
| FY2021 | $44,855 | $1,321,224 | -$1.3M |
The program generated just $96K in total revenue in FY2025, with ticket sales leading at $29K, while expenses reached $2.1M — producing a $2.0M deficit for the year. Coaching salaries, benefits, and bonuses accounted for the program's largest cost at $768K, representing over one-third of total expenses. Spending has grown steadily from $1.3M in FY2021 to $2.1M in FY2025, though the program still ranks 68th out of 78 FBS programs by expenses and remains well below the FBS average of $5.2M.
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