TOTAL REV $14.84M
TOTAL EXP $13.2M
NET $1.64M

Investment Profile · FY 2019

Davidson College

Davidson, North Carolina · NCAA Division I-FCS · Private nonprofit, 4-year or above · Enrollment 1,833

ZIP 28035 · IPEDS unitid 198385

Revenue Percentile (Division)
59th

Key Financial Metrics · 2019

Total Revenue
$14.84M

Total Expenses
$13.2M

Net Result
$1.64M

Unique Athletes
216

Revenue & Expense Trend (2015–2019)

20152016201720182019

Revenue
Expenses

Gender Investment Allocation

Men’s programs 62.3%Women’s programs 37.7%

$9.25M
$5.59M

Enrollment Trend (2015–2019)

20152016201720182019

Total
Men
Women

Total enrollment grew by 54 (3%) from 2015 to 2019.

Sport Program Investment

Revenue by sport

Basketball

$6.6M

Football

$1.77M

Baseball

$1.07M

Soccer

$1.06M

All Track Combined

$786.1K

Tennis

$753K

Swimming and Diving

$618.2K

Volleyball

$561.3K

Golf

$449.2K

Wrestling

$400.7K

Expense by sport

Basketball

$5.53M

Football

$1.54M

Baseball

$738.4K

Soccer

$1.04M

All Track Combined

$722.5K

Tennis

$728.1K

Swimming and Diving

$701.5K

Volleyball

$552.4K

Golf

$399K

Wrestling

$415.4K

Sport-by-sport profile table

Sport Men Women Revenue Expense Net
Basketball 2 17 14 $6.6M $5.53M $1.07M
Football 7 99 0 $1.77M $1.54M $233.8K
Baseball 1 35 0 $1.07M $738.4K $331K
Soccer 15 28 35 $1.06M $1.04M $18.6K
All Track Combined 3 95 117 $786.1K $722.5K $63.6K
Tennis 22 12 9 $753K $728.1K $24.9K
Swimming and Diving 18 29 28 $618.2K $701.5K $-83.3K
Volleyball 26 0 18 $561.3K $552.4K $8.8K
Golf 8 9 0 $449.2K $399K $50.2K
Wrestling 28 18 0 $400.7K $415.4K $-14.7K
Lacrosse 11 0 28 $389.6K $448.5K $-58.9K
Field Hockey 6 0 20 $383.1K $385.2K $-2.1K

Participation & Revenue-per-Athlete

Revenue / Unique Athlete
$68.7K

Athletes Tracked
216

Top Sport Share
Basketball · 44.5%

Program Count
12

Unique men
99

Unique women
117

Per-sport slots
611

Multi-sport coeff
2.83x

Coed men

Coed women

The program has 216 unique athletes filling 611 sport roster slots — a 2.83x multi-sport coefficient indicating extensive cross-sport participation.

Division & Classification Context

Classification
NCAA Division I-FCS
Sector
Private nonprofit, 4-year or above
Total Enrollment
1,833
Revenue Tier
Above-median (59th pct.)
Peers in Division
124 schools
Peers in North Carolina
68 schools

Peer Benchmark

Peer School State Revenue Net Δ vs. subject
Robert Morris University PA $14.87M $0 $29.7K
The University of Montana MT $14.91M $-599.1K $63.6K
Northern Arizona University AZ $14.69M $0 $-155.5K
Southern Illinois University-Carbondale IL $14.35M $0 $-491K
Missouri State University-Springfield MO $15.35M $0 $501.3K

Financial Ratios & Investment Lens

Metric Value Definition
Subsidy Rate 0.0% Expense shortfall as % of revenue
Revenue / Enrollment $8.1K Athletic revenue per enrolled student
Expense Ratio 88.9% Expenses as % of revenue
Top Sport Share 44.5% Revenue concentration in top program
Division Percentile 59th 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.