TOTAL REV $13.13M
TOTAL EXP $11.35M
NET $1.78M

Investment Profile · FY 2019

Citadel Military College of South Carolina

Charleston, South Carolina · NCAA Division I-FCS · Public, 4-year or above · Enrollment 2,688

ZIP 29409 · IPEDS unitid 217864

Revenue Percentile (Division)
50th

Key Financial Metrics · 2019

Total Revenue
$13.13M

Total Expenses
$11.35M

Net Result
$1.78M

Unique Athletes
168

Revenue & Expense Trend (2015–2019)

20152016201720182019

Revenue
Expenses

Gender Investment Allocation

Men’s programs 80.9%Women’s programs 19.1%

$10.63M
$2.5M

Enrollment Trend (2015–2019)

20152016201720182019

Total
Men
Women

Total enrollment grew by 227 (9.2%) from 2015 to 2019.

Sport Program Investment

Revenue by sport

Football

$6.36M

Basketball

$1.75M

All Track Combined

$1.15M

Baseball

$1.11M

Volleyball

$771.7K

Soccer

$741.3K

Wrestling

$512K

Tennis

$404.7K

Golf

$270.2K

Rifle

$54.5K

Expense by sport

Football

$4.92M

Basketball

$1.53M

All Track Combined

$1.13M

Baseball

$1.02M

Volleyball

$774K

Soccer

$784.1K

Wrestling

$504.6K

Tennis

$394.6K

Golf

$244.5K

Rifle

$55.3K

Sport-by-sport profile table

Sport Men Women Coed (M/W) Revenue Expense Net
Football 7 124 0 $6.36M $4.92M $1.44M
Basketball 2 16 0 $1.75M $1.53M $226.8K
All Track Combined 3 101 44 $1.15M $1.13M $22.6K
Baseball 1 39 0 $1.11M $1.02M $96.8K
Volleyball 26 0 16 $771.7K $774K $-2.3K
Soccer 15 0 24 $741.3K $784.1K $-42.8K
Wrestling 28 22 0 $512K $504.6K $7.4K
Tennis 22 18 0 $404.7K $394.6K $10.2K
Golf 8 0 8 $270.2K $244.5K $25.7K
Rifle 12 0 10 9 / 10 $54.5K $55.3K $-793

Participation & Revenue-per-Athlete

Revenue / Unique Athlete
$78.2K

Athletes Tracked
168

Top Sport Share
Football · 48.4%

Program Count
10

Unique men
124

Unique women
44

Per-sport slots
422

Multi-sport coeff
2.51x

Coed men
9

Coed women
10

The program has 168 unique athletes filling 422 sport roster slots — a 2.51x multi-sport coefficient indicating extensive cross-sport participation.

Division & Classification Context

Classification
NCAA Division I-FCS
Sector
Public, 4-year or above
Total Enrollment
2,688
Revenue Tier
Above-median (50th pct.)
Peers in Division
124 schools
Peers in South Carolina
37 schools

Peer Benchmark

Peer School State Revenue Net Δ vs. subject
South Dakota State University SD $13.16M $0 $27.1K
Howard University DC $13.05M $0 $-77K
Stephen F Austin State University TX $13.01M $0 $-121.9K
Indiana State University IN $13M $257.8K $-126.1K
Murray State University KY $13.31M $1.96M $177.2K

Financial Ratios & Investment Lens

Metric Value Definition
Subsidy Rate 0.0% Expense shortfall as % of revenue
Revenue / Enrollment $4.9K Athletic revenue per enrolled student
Expense Ratio 86.4% Expenses as % of revenue
Top Sport Share 48.4% Revenue concentration in top program
Division Percentile 50th Revenue rank within NCAA Division I-FCS

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