TOTAL REV $35.64M
TOTAL EXP $35.64M
NET $0

Investment Profile · FY 2019

Liberty University

Lynchburg, Virginia · NCAA Division I-FCS · Private nonprofit, 4-year or above · Enrollment 28,434

ZIP 24515 · IPEDS unitid 232557

Revenue Percentile (Division)
99th

Key Financial Metrics · 2019

Total Revenue
$35.64M

Total Expenses
$35.64M

Net Result
$0

Unique Athletes
212

Revenue & Expense Trend (2015–2019)

20152016201720182019

Revenue
Expenses

Gender Investment Allocation

Men’s programs 66.8%Women’s programs 33.2%

$23.79M
$11.85M

Enrollment Trend (2015–2019)

20152016201720182019

Total
Men
Women

Total enrollment grew by 789 (2.9%) from 2015 to 2019.

Classification & Sector History

Year Men Women Total Classification Sector
2015 11,870 15,775 27,645 NCAA Division I-FCS Private nonprofit, 4-year or above
2016 11,494 15,606 27,100 NCAA Division I-FCS Private nonprofit, 4-year or above
2017 11,157 15,703 26,860 NCAA Division I-FCS Private nonprofit, 4-year or above
2018 11,212 16,156 27,368 NCAA Division I-FBS Private nonprofit, 4-year or above
2019 11,613 16,821 28,434 NCAA Division I-FBS Private nonprofit, 4-year or above

Sport Program Investment

Revenue by sport

Football

$15.3M

Basketball

$5.72M

All Track Combined

$2.68M

Soccer

$2.27M

Baseball

$1.66M

Softball

$1.42M

Tennis

$1.37M

Volleyball

$1.22M

Swimming and Diving

$1.21M

Field Hockey

$1.15M

Expense by sport

Football

$15.3M

Basketball

$5.72M

All Track Combined

$2.68M

Soccer

$2.27M

Baseball

$1.66M

Softball

$1.42M

Tennis

$1.37M

Volleyball

$1.22M

Swimming and Diving

$1.21M

Field Hockey

$1.15M

Sport-by-sport profile table

Sport Men Women Revenue Expense Net
Football 7 119 0 $15.3M $15.3M $0
Basketball 2 16 16 $5.72M $5.72M $0
All Track Combined 3 53 93 $2.68M $2.68M $0
Soccer 15 30 32 $2.27M $2.27M $0
Baseball 1 35 0 $1.66M $1.66M $0
Softball 16 0 24 $1.42M $1.42M $0
Tennis 22 11 12 $1.37M $1.37M $0
Volleyball 26 0 19 $1.22M $1.22M $0
Swimming and Diving 18 0 31 $1.21M $1.21M $0
Field Hockey 6 0 28 $1.15M $1.15M $0
Lacrosse 11 0 35 $1.08M $1.08M $0
Golf 8 10 0 $572.1K $572.1K $0

Participation & Revenue-per-Athlete

Revenue / Unique Athlete
$168.1K

Athletes Tracked
212

Top Sport Share
Football · 42.9%

Program Count
12

Unique men
119

Unique women
93

Per-sport slots
564

Multi-sport coeff
2.66x

Coed men

Coed women

The program has 212 unique athletes filling 564 sport roster slots — a 2.66x 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
28,434
Revenue Tier
Top-tier (99th pct.)
Peers in Division
124 schools
Peers in Virginia
47 schools

Peer Benchmark

Peer School State Revenue Net Δ vs. subject
Georgetown University DC $32.37M $0 $-3.27M
James Madison University VA $30.95M $0 $-4.69M
Villanova University PA $42.77M $4.13M $7.14M
University of Delaware DE $28.06M $274K $-7.58M
Fordham University NY $27.53M $0 $-8.11M

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 42.9% Revenue concentration in top program
Division Percentile 99th 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.