TOTAL REV $19.2M
TOTAL EXP $19.2M
NET $0

Investment Profile · FY 2019

Ball State University

Muncie, Indiana · NCAA Division I-FBS · Public, 4-year or above · Enrollment 14,748

ZIP 47306 · IPEDS unitid 150136

Revenue Percentile (Division)
10th

Key Financial Metrics · 2019

Total Revenue
$19.2M

Total Expenses
$19.2M

Net Result
$0

Unique Athletes
196

Gender Investment Allocation

Men’s programs 60%Women’s programs 40%

$11.53M
$7.67M

Sport Program Investment

Revenue by sport

Football

$7.32M

Basketball

$3.5M

Volleyball

$1.25M

Baseball

$1.15M

Softball

$849.7K

All Track Combined

$804.9K

Tennis

$793.6K

Soccer

$764.9K

Swimming and Diving

$715.5K

Gymnastics

$710.4K

Expense by sport

Football

$7.32M

Basketball

$3.5M

Volleyball

$1.25M

Baseball

$1.15M

Softball

$849.7K

All Track Combined

$804.9K

Tennis

$793.6K

Soccer

$764.9K

Swimming and Diving

$715.5K

Gymnastics

$710.4K

Sport-by-sport profile table

Sport Men Women Revenue Expense Net
Football 7 116 0 $7.32M $7.32M $0
Basketball 2 14 26 $3.5M $3.5M $0
Volleyball 26 19 21 $1.25M $1.25M $0
Baseball 1 36 0 $1.15M $1.15M $0
Softball 16 0 24 $849.7K $849.7K $0
All Track Combined 3 0 80 $804.9K $804.9K $0
Tennis 22 10 8 $793.6K $793.6K $0
Soccer 15 0 27 $764.9K $764.9K $0
Swimming and Diving 18 27 28 $715.5K $715.5K $0
Gymnastics 9 0 19 $710.4K $710.4K $0
Golf 8 8 9 $685.3K $685.3K $0
Field Hockey 6 0 24 $644.9K $644.9K $0

Participation & Revenue-per-Athlete

Revenue / Unique Athlete
$97.9K

Athletes Tracked
196

Top Sport Share
Football · 38.1%

Program Count
12

Unique men
116

Unique women
80

Per-sport slots
496

Multi-sport coeff
2.53x

Coed men

Coed women

The program has 196 unique athletes filling 496 sport roster slots — a 2.53x multi-sport coefficient indicating extensive cross-sport participation.

Division & Classification Context

Classification
NCAA Division I-FBS
Sector
Public, 4-year or above
Total Enrollment
14,748
Revenue Tier
Lower-tier (10th pct.)
Peers in Division
127 schools
Peers in Indiana
41 schools

Peer Benchmark

Peer School State Revenue Net Δ vs. subject
Troy University AL $19.18M $1.6M $-19K
Bowling Green State University-Main Campus OH $19.32M $-10K $118.6K
University of South Alabama AL $19.39M $0 $196.6K
University at Buffalo NY $19.67M $0 $470.5K
Eastern Michigan University MI $19.68M $0 $480.5K

Financial Ratios & Investment Lens

Metric Value Definition
Subsidy Rate 0.0% Expense shortfall as % of revenue
Revenue / Enrollment $1.3K Athletic revenue per enrolled student
Expense Ratio 100.0% Expenses as % of revenue
Top Sport Share 38.1% Revenue concentration in top program
Division Percentile 10th Revenue rank within NCAA Division I-FBS

Source: U.S. Department of Education — Equity in Athletics Data Analysis (EADA). Fiscal year 2019. Last updated April 18, 2026.