FY2025 Financial Snapshot
Source: FY2025 NCAA MFRS · Prepared by Data Driven HBCU · March 2026
Total Revenue
$13.9M
FY2025 MFRS
Total Expenses
$14.3M
FY2025 MFRS
Net Position
$-0.4M
Revenue − Expenses
Athletic Aid
$4.1M
28.7% of expenses
Scholarship Equivs.
162.47
235 athletes receiving aid
Sports Offered
14
6M / 8W
FY2025 Revenue Sources
Athletic Aid vs. All 13 HBCU Peers
2024 Football Record
7-5
Cost / Equiv.
$25,266
In-State COA: $24,419
Pell Recipients
102
$623,369 total Pell aid
FY2025 Revenue Mix
Revenue source breakdown as reported in FY2025 NCAA MFRS filing.
Revenue Sources — FY2025 (Florida A&M)
| Revenue Source | Amount | % of Total |
|---|---|---|
| Student Fees | $4,388,417 | 31.5% |
| Direct Institutional | $1,303,739 | 9.4% |
| State / Gov | $755,986 | 5.4% |
| Ticket Sales | $3,537,992 | 25.4% |
| Guarantees | $2,053,330 | 14.8% |
| NCAA / Conference | $726,214 | 5.2% |
| Sponsorships | $287,298 | 2.1% |
| Donor Contributions | $155,323 | 1.1% |
| Other | $711,121 | 5.1% |
| TOTAL | $13,919,420 | 100.0% |
FY2025 Expense Mix
Source: FY2025 NCAA MFRS
Expense Breakdown — Florida A&M
Expenses by Category
| Expense Category | Amount | % of Total |
|---|---|---|
| Athletic Aid | $4,104,991 | 28.7% |
| Coaching Comp | $3,247,676 | 22.7% |
| Staff Comp | $1,868,661 | 13.1% |
| Game Exp & Travel | $2,393,316 | 16.7% |
| Facilities / Debt | $854,370 | 6.0% |
| Recruiting | $0 | 0.0% |
| Medical & Meals | $148,655 | 1.0% |
| Other | $1,700,980 | 11.9% |
| TOTAL | $14,318,649 | 100.0% |
FY2025 Scholarship Equivalencies
Source: FY2025 NCAA MFRS Page 43. Equivalency data as reported.
Grand Total Equivs.
162.47
235 athletes receiving aid
Total Aid Dollars
$4.1M
28.7% of expenses
Cost / Equiv.
$25,266
11-peer avg: ~$26K
Men's Aid
$2.5M
152 athletes
Women's Aid
$1.6M
83 athletes
Men's Scholarship Equivalencies by Sport
Women's Scholarship Equivalencies by Sport
| Men's Sport | Equivs. | Aid ($) |
|---|---|---|
| Football | 62.74 | $1,523,086 |
| Basketball | 13.00 | $315,590 |
| Track/XC | 11.70 | $284,031 |
| Baseball | 10.80 | $262,182 |
| Golf | 4.54 | $110,214 |
| Men's Total | — | $2,495,103 |
| Women's Sport | Equivs. | Aid ($) |
|---|---|---|
| Basketball | 15.00 | $366,328 |
| Track/XC | 15.51 | $378,783 |
| Volleyball | 9.50 | $232,008 |
| Softball | 11.45 | $279,630 |
| Bowling | 2.23 | $54,461 |
| Soccer | 6.23 | $152,148 |
| Tennis | 6.00 | $146,531 |
| Women's Total | — | $1,609,888 |
HBCU Peer Comparison — FY2025 MFRS
All 13 programs. Florida A&M highlighted in gold.
Athletic Aid — 11 HBCU Programs (FY2025)
| School | Conf. | Revenue | Expenses | Net | Aid | Aid % | Equivs. |
|---|
Head Coaching Salaries — 11 HBCU Programs (FY2025)
Football, Men's Basketball, and Women's Basketball head coach compensation (university + third-party combined). Source: FY2025 NCAA MFRS. — indicates no football program.
Men's & Women's Basketball HC Salary — 11 HBCU Programs (FY2025)
| School | FB HC Salary | MB HC Salary ▼ | WB HC Salary |
|---|
Endowment Data — 11 HBCU Programs (FY2025)
Restricted endowment income (MFRS L17), athletics dedicated endowments (L54), and institutional endowments (L55). Source: FY2025 NCAA MFRS.
Institutional Endowment — 11 HBCU Programs (FY2025)
| School | Restricted Endow Income | Athletics Endowment ▼ | Institutional Endowment |
|---|
Key Findings & Research Verdict
Prepared: March 2026 | Data: FY2025 NCAA MFRS Actuals
Research Verdict — Florida A&M
FAMU is the self-sufficiency model for HBCU athletics: 85.2% earned revenue, the highest ticket sales in the cohort, and a market-driven approach. Managing the operating deficit while scaling earned revenue is the strategic priority.
FINDING 1
Leads all 13 HBCU peers in ticket revenue at $3.54M
FAMU generates $3.54M in ticket sales — nearly double NC A&T ($2.01M). FAMU Homecoming is one of the most attended HBCU events nationally, driving significant gate revenue.
FINDING 2
Guarantees ($2.05M) — the highest earned revenue stream in the cohort beyond tickets
FAMU earns $2.05M in competition guarantees from scheduling Power Conference opponents — the highest in the cohort and a key component of the self-sufficient revenue model.
FINDING 3
85.2% earned revenue model — the most self-sufficient program studied
Unlike fee-heavy peers, 85.2% of FAMU's revenue is self-generated. The small $399K deficit reflects the operational cost of a market-driven athletics program rather than structural dependence on institutional funding.
Historical Financial Trends — FY2005–FY2025
Florida A&M University · 21-Year View · FY2005–FY2024 data sourced from the Knight-Newhouse College Athletics Database; FY2025 data from NCAA MFRS reports provided by the institution.
Total Revenue vs. Total Expenses
Revenue by Category
Student Fees, Institutional Support, NCAA/Conference Distributions, Ticket Sales, Donor Contributions
Expenses by Category
Athletic Student Aid, Coaches Compensation, Staff Compensation, Game Travel, Facilities & Debt Service
Student Fees & Institutional Support
The two largest sources of institutional subsidy tracked over 21 years.
Data Attribution
FY2005–FY2024 historical data sourced from the Knight-Newhouse College Athletics Database, a project of the Knight Commission on Intercollegiate Athletics and the Newhouse School of Public Communications at Syracuse University. FY2025 data from NCAA MFRS reports provided by the institution. All figures reflect reported actuals for Florida A&M University.
FY2005–FY2024 historical data sourced from the Knight-Newhouse College Athletics Database, a project of the Knight Commission on Intercollegiate Athletics and the Newhouse School of Public Communications at Syracuse University. FY2025 data from NCAA MFRS reports provided by the institution. All figures reflect reported actuals for Florida A&M University.