In fiscal year 2025, Middle Tennessee State University's athletics department reported $49.3M in total revenue and $49.3M in expenses, for a net surplus of $0, ranking #1 of 6 in the C-USA by total revenue, per NCAA MFRS filings. Financial data is available from FY2017 through FY2025.
Total revenue has grown 45% — from $34.0M in FY2017 to $49.3M in FY2025.
Financial Detail · Middle Tennessee · FY2025
RevenueExpensesNet
Year
Revenue
Expenses
Net
YoY Rev
FY2025
$49,287,942
$49,287,942
+$0
-6.0%
FY2024
$52,440,075
$52,440,075
+$0
+28.3%
FY2023
$40,864,916
$40,864,916
+$0
+14.7%
FY2022
$35,614,512
$35,614,512
+$0
+14.2%
FY2021
$31,190,904
$31,190,904
+$0
-10.5%
FY2020
$34,840,886
$34,840,886
+$0
-2.8%
FY2019
$35,834,204
$35,834,204
+$0
+1.4%
FY2018
$35,353,956
$35,353,956
+$0
+3.9%
FY2017
$34,040,334
$34,040,334
+$0
—
Category
Amount
Share
Direct Institutional Support
$19,692,936
39.7%
Student Fees
$11,097,848
22.4%
Indirect Institutional Support - Athletic Facilities Debt Service, Lease and Rental Fees
$5,769,836
11.6%
Indirect Institutional Support
$3,511,496
7.1%
Conference Distributions (Non Media and Non Football Bowl)
$2,031,066
4.1%
Contributions
$1,764,426
3.6%
Guarantees
$1,709,500
3.4%
NCAA Distributions
$1,612,733
3.3%
Ticket Sales
$1,257,302
2.5%
Media Rights
$756,052
1.5%
In-Kind
$354,412
0.7%
Total
$49,557,607
100%
Category
Amount
Share
Athletic Student Aid
$10,735,163
23.8%
Coaching Salaries, Benefits and Bonuses paid by the University and Related Entities
$7,976,491
17.7%
Support Staff/Administrative Compensation, Benefits and Bonuses paid by the University and Related Entities
$6,104,711
13.5%
Athletic Facilities Debt Service, Leases and Rental Fee
