FY2025 Financial Snapshot
Source: FY2025 NCAA MFRS · Prepared by Data Driven HBCU · March 2026
Total Revenue
$22.5M
FY2025 MFRS
Total Expenses
$22.4M
FY2025 MFRS
Net Position
+$0.1M
Revenue − Expenses
Athletic Aid
$2.9M
12.9% of expenses
Scholarship Equivs.
168.35
242 athletes receiving aid
Sports Offered
17
8M / 9W
FY2025 Revenue Sources
Athletic Aid vs. All 13 HBCU Peers
2024 Football Record
1-11
Cost / Equiv.
$17,178
In-State COA: $26,803
Pell Recipients
141
$1,789,408 total Pell aid
FY2025 Revenue Mix
Revenue source breakdown as reported in FY2025 NCAA MFRS filing.
Revenue Sources — FY2025 (NC A&T)
| Revenue Source | Amount | % of Total |
|---|---|---|
| Student Fees | $10,742,682 | 47.8% |
| Direct Institutional | $2,669,830 | 11.9% |
| State / Gov | $3,353,258 | 14.9% |
| Indirect Institutional | $835,092 | 3.7% |
| Ticket Sales | $2,013,218 | 9.0% |
| Guarantees | $891,000 | 4.0% |
| NCAA / Conference | $1,056,054 | 4.7% |
| Sponsorships | $376,263 | 1.7% |
| Donor Contributions | $0 | 0.0% |
| Other | $529,564 | 2.4% |
| TOTAL | $22,466,961 | 100.0% |
FY2025 Expense Mix
Source: FY2025 NCAA MFRS
Expense Breakdown — NC A&T
Expenses by Category
| Expense Category | Amount | % of Total |
|---|---|---|
| Athletic Aid | $2,891,837 | 12.9% |
| Coaching Comp | $5,418,529 | 24.2% |
| Staff Comp | $3,988,392 | 17.8% |
| Game Exp & Travel | $3,938,360 | 17.6% |
| Facilities / Debt | $1,391,737 | 6.2% |
| Recruiting | $500,330 | 2.2% |
| Medical & Meals | $130,209 | 0.6% |
| Other | $4,094,294 | 18.3% |
| TOTAL | $22,353,688 | 100.0% |
FY2025 Scholarship Equivalencies
Source: FY2025 NCAA MFRS Page 43. Equivalency data as reported.
Grand Total Equivs.
168.35
242 athletes receiving aid
Total Aid Dollars
$2.9M
12.9% of expenses
Cost / Equiv.
$17,178
11-peer avg: ~$26K
Men's Aid
$1.6M
155 athletes
Women's Aid
$1.0M
87 athletes
Men's Scholarship Equivalencies by Sport
Women's Scholarship Equivalencies by Sport
| Men's Sport | Equivs. | Aid ($) |
|---|---|---|
| Football | 69.21 | $1,024,006 |
| Basketball | 13.00 | $192,343 |
| Track/XC | 11.45 | $169,410 |
| Baseball | 8.74 | $129,314 |
| Golf | 4.67 | $69,096 |
| Tennis | 4.14 | $61,254 |
| Men's Total | — | $1,645,423 |
| Women's Sport | Equivs. | Aid ($) |
|---|---|---|
| Basketball | 16.00 | $284,486 |
| Volleyball | 11.50 | $204,474 |
| Track/XC | 11.32 | $201,274 |
| Softball | 7.72 | $137,265 |
| Bowling | 4.60 | $81,790 |
| Golf | 6.00 | $106,682 |
| Tennis | 0.00 | $0 |
| Women's Total | — | $1,015,971 |
HBCU Peer Comparison — FY2025 MFRS
All 13 programs. NC A&T highlighted in gold.
Athletic Aid — 11 HBCU Programs (FY2025)
| School | Conf. | Revenue | Expenses | Net | Aid | Aid % Exp | Aid/Ath | Athletes | Sports | Equivs. |
|---|
Key Findings & Research Verdict
Prepared: March 2026 | Data: FY2025 NCAA MFRS Actuals
Research Verdict — NC A&T
NC A&T has the financial foundation to compete in the CAA — but a 10-of-10 aid ranking reflects a choice, not a constraint. The NC in-state tuition law provides structural scholarship leverage that the institution has yet to fully utilize.
FINDING 1
Ranks #10 of 10 CAA schools in athletic aid
At $2.89M in FY2025, NC A&T trails the CAA average of $8.70M by $5.81M — a 67% deficit. Per-athlete aid is $11,950 vs. the CAA average of $21,404.
FINDING 2
Coaching comp ($5.4M) exceeds athletic aid ($2.9M) by nearly 2-to-1
Coaching compensation is the fastest-growing expense category, up 71% from FY2019. Meanwhile, athletic aid remains below FY2019 levels.
FINDING 3
Donor contributions collapsed to $0 in FY2025
NCCU recorded $914K in donor contributions while NC A&T recorded $0, down from $253K in FY2016. This is the single largest revenue diversification gap.
Historical Financial Trends — FY2005–FY2025
North Carolina A&T State 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 20 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 North Carolina A&T State 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 North Carolina A&T State University.