In fiscal year 2025, New Mexico State University (NMSU)'s Swimming and Diving program reported $517K in revenue and $1.0M in expenses, for a net deficit of $498K. The largest revenue source was Direct Institutional Support at $477K. Among the 56 FBS programs reporting Swimming and Diving data, New Mexico State University ranks 52nd overall in total expenses (20th of 23 Group of Five programs) — below the FBS average of $2.7M. New Mexico State University competes in the C-USA; financial data is available from FY2010 through FY2025.
| Category | Amount |
|---|---|
| Direct Institutional Support | $476,519 |
| Contributions | $20,434 |
| Other Operating Revenue | $12,000 |
| Athletics Restricted Endowment and Investments Income | $4,258 |
| In-Kind | $4,248 |
| Category | Amount |
|---|---|
| Athletic Student Aid | $623,509 |
| Coaching Salaries, Benefits and Bonuses paid by the University and Related Entities | $226,215 |
| Team Travel | $97,500 |
| Sports Equipment, Uniforms and Supplies | $29,133 |
| Other Operating Expenses | $12,781 |
| Student-Athlete Meals (non-travel) | $10,279 |
| Recruiting | $8,081 |
| Direct Overhead and Administrative Expenses | $4,108 |
| Game Expenses | $2,257 |
| Memberships and Dues | $839 |
| Guarantees | $653 |
| Fiscal Year | Revenue | Expenses | Net |
|---|---|---|---|
| FY2025 | $517,459 | $1,015,355 | -$498K |
| FY2024 | $518,903 | $985,402 | -$466K |
| FY2023 | $435,265 | $875,827 | -$441K |
| FY2022 | $489,473 | $892,723 | -$403K |
| FY2021 | $415,550 | $764,718 | -$349K |
| FY2020 | $525,075 | $929,545 | -$404K |
The Swimming and Diving program operates at a $498K deficit, with 92% of its $517K in revenue coming from Direct Institutional Support rather than self-generated sources. At $1.0M in total expenses, the program ranks 52nd out of 56 FBS programs in spending — well below the FBS average of $2.7M — though costs have steadily climbed from $765K in FY2021. Athletic Student Aid represents the program's single largest expenditure at $624K, accounting for roughly 60% of all spending.
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