In fiscal year 2025, New Mexico State University (NMSU)'s Golf program reported $469K in revenue and $1.0M in expenses, for a net deficit of $574K. The largest revenue source was Direct Institutional Support at $241K. Among the 76 FBS programs reporting Golf data, New Mexico State University ranks 59th overall in total expenses (17th of 34 Group of Five programs) — below the FBS average of $2.0M. New Mexico State University competes in the C-USA; financial data is available from FY2010 through FY2025.
| Category | Amount |
|---|---|
| Direct Institutional Support | $241,178 |
| Contributions | $143,447 |
| Royalties, Licensing, Advertisement and Sponsorships | $38,000 |
| Other Operating Revenue | $35,770 |
| Athletics Restricted Endowment and Investments Income | $6,500 |
| In-Kind | $4,205 |
| Category | Amount |
|---|---|
| Athletic Student Aid | $391,671 |
| Coaching Salaries, Benefits and Bonuses paid by the University and Related Entities | $323,340 |
| Team Travel | $188,135 |
| Sports Equipment, Uniforms and Supplies | $65,902 |
| Other Operating Expenses | $29,593 |
| Recruiting | $13,194 |
| Fund Raising, Marketing and Promotion | $11,536 |
| Student-Athlete Meals (non-travel) | $9,937 |
| Game Expenses | $6,400 |
| Direct Overhead and Administrative Expenses | $2,071 |
| Memberships and Dues | $925 |
| Medical Expenses and Insurance | $402 |
| Fiscal Year | Revenue | Expenses | Net |
|---|---|---|---|
| FY2025 | $469,100 | $1,043,106 | -$574K |
| FY2024 | $455,696 | $956,147 | -$500K |
| FY2023 | $402,931 | $888,094 | -$485K |
| FY2022 | $358,505 | $814,177 | -$456K |
| FY2021 | $380,349 | $853,016 | -$473K |
| FY2020 | $329,163 | $776,259 | -$447K |
The golf program operated at a $574K deficit in FY2025, generating $469K in revenue against $1.0M in expenses, with Direct Institutional Support accounting for the majority of revenue at $241K. Athletic Student Aid represented the program's single largest cost at $392K, comprising roughly 39% of total expenditures. Program costs have climbed steadily over the past six years, rising from $776K in FY2020 to $1.0M in FY2025, though spending remains well below the FBS average of $2.0M, ranking 59th out of 76 FBS programs.
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