Michigan State University (MSU) Swimming and Diving Financial Data
NCAA Membership Financial Reporting System (MFRS) · Big Ten · Data available: FY2017–FY2025
In fiscal year 2025, Michigan State University (MSU)'s Swimming and Diving program reported $25K in revenue and $19K in expenses, for a net surplus of $6K. Like most Power Four Swimming and Diving programs, Michigan State University generates minimal direct revenue and is funded primarily through shared athletic department revenues. Among the 56 FBS programs reporting Swimming and Diving data, Michigan State University ranks 56th overall in total expenses (33rd of 33 Power Four programs) — below the FBS average of $2.7M. Michigan State University competes in the Big Ten; financial data is available from FY2017 through FY2025.
FY2025 Overview
Total Revenue
$25,132
Total Expenses
$18,657
Net
+$6,475
This is a data snapshot. The interactive explorer lets you filter by sport, compare schools, and dig into multi-year trends.
Athletics Restricted Endowment and Investments Income
$25,132
FY2025 Expense Breakdown
Category
Amount
Athletic Student Aid
$18,657
Data sourced from NCAA MFRS filings obtained via public records (FOIA) requests and official athletic department
disclosures. Figures are as reported to the NCAA and may include institutional support, conference distributions,
and other non-self-generated revenue. See the methodology page for full sourcing details.
Year-over-Year Trend
Fiscal Year
Revenue
Expenses
Net
FY2025
$25,132
$18,657
+$6K
FY2024
$28,921
$311,166
-$282K
FY2023
$22,015
$417,461
-$395K
FY2022
$28,545
$649,106
-$621K
FY2021
$57,495
$1,726,906
-$1.7M
FY2020
$207,190
$2,033,400
-$1.8M
Michigan State University Swimming and Diving — Financial Context
Michigan State's Swimming and Diving program reported just $25K in revenue and $19K in expenses in FY2025, generating a modest $6K surplus — with both figures driven almost entirely by a single line item (Athletics Restricted Endowment and Investments Income on the revenue side, Athletic Student Aid on the expense side). The program's $19K in expenses ranks dead last among all 56 FBS programs tracked and last among all 33 Power Four schools, a stark contrast to the FBS average of $2.7M. This follows a dramatic multi-year spending decline, with expenses falling from $2.0M in FY2020 to their current level, suggesting the program
What does Michigan State University spend on Swimming and Diving?
Michigan State University Swimming and Diving reported $18,657 in total expenses in FY2025. The largest expense was Athletic Student Aid at $18,657.
How does Michigan State University Swimming and Diving spending compare to other FBS programs?
Among the 56 FBS programs reporting Swimming and Diving data, Michigan State University ranks 56th overall in total expenses (33rd of 33 Power Four programs) — below the FBS average of $2.7M.
How is Michigan State University Swimming and Diving funded?
Like most Power Four Swimming and Diving programs, Michigan State University funds Swimming and Diving primarily through shared athletic department revenues, which flow from football and basketball at most FBS institutions.