TOTAL REV $8.73M
TOTAL EXP $12.39M
NET $-3.66M

Investment Profile · FY 2019

Drake University

Des Moines, Iowa · NCAA Division I-FCS · Private nonprofit, 4-year or above · Enrollment 2,825

ZIP 503114505 · IPEDS unitid 153269

Revenue Percentile (Division)
15th

Key Financial Metrics · 2019

Total Revenue
$8.73M

Total Expenses
$12.39M

Net Result
$-3.66M

Unique Athletes
168

Revenue & Expense Trend (2015–2019)

20152016201720182019

Revenue
Expenses

Gender Investment Allocation

Men’s programs 37.3%Women’s programs 62.7%

$3.26M
$5.47M

Enrollment Trend (2015–2019)

20152016201720182019

Total
Men
Women

Total enrollment contracted by 333 (-10.5%) from 2015 to 2019.

Sport Program Investment

Revenue by sport

Basketball

$4.68M

Soccer

$1M

All Track Combined

$754.6K

Tennis

$532.1K

Softball

$521K

Golf

$448.5K

Volleyball

$446.2K

Football

$246.2K

Rowing

$102.8K

Expense by sport

Basketball

$5.4M

Soccer

$1.5M

All Track Combined

$1.1M

Tennis

$788.6K

Softball

$804.5K

Golf

$734K

Volleyball

$691K

Football

$1.04M

Rowing

$315.3K

Sport-by-sport profile table

Sport Men Women Revenue Expense Net
Basketball 2 17 23 $4.68M $5.4M $-726.4K
Soccer 15 36 36 $1M $1.5M $-503.2K
All Track Combined 3 74 62 $754.6K $1.1M $-346.1K
Tennis 22 9 9 $532.1K $788.6K $-256.5K
Softball 16 0 15 $521K $804.5K $-283.5K
Golf 8 8 9 $448.5K $734K $-285.5K
Volleyball 26 0 15 $446.2K $691K $-244.9K
Football 7 106 0 $246.2K $1.04M $-797.6K
Rowing 13 0 45 $102.8K $315.3K $-212.5K

Participation & Revenue-per-Athlete

Revenue / Unique Athlete
$52K

Athletes Tracked
168

Top Sport Share
Basketball · 53.6%

Program Count
9

Unique men
106

Unique women
62

Per-sport slots
464

Multi-sport coeff
2.76x

Coed men

Coed women

The program has 168 unique athletes filling 464 sport roster slots — a 2.76x 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
2,825
Revenue Tier
Lower-tier (15th pct.)
Peers in Division
124 schools
Peers in Iowa
42 schools

Peer Benchmark

Peer School State Revenue Net Δ vs. subject
Alabama State University AL $8.79M $0 $56K
Southern University and A & M College LA $8.84M $0 $106.7K
Eastern Illinois University IL $8.56M $0 $-168.7K
Texas Southern University TX $8.93M $-1.02M $199.9K
Western Illinois University IL $8.51M $0 $-221.2K

Financial Ratios & Investment Lens

Metric Value Definition
Subsidy Rate 41.9% Expense shortfall as % of revenue
Revenue / Enrollment $3.1K Athletic revenue per enrolled student
Expense Ratio 141.9% Expenses as % of revenue
Top Sport Share 53.6% Revenue concentration in top program
Division Percentile 15th 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.