TOTAL REV $10.52M
TOTAL EXP $8.91M
NET $1.61M

Investment Profile · FY 2019

Morgan State University

Baltimore, Maryland · NCAA Division I-FCS · Public, 4-year or above · Enrollment 5,756

ZIP 212510001 · IPEDS unitid 163453

Revenue Percentile (Division)
32th

Key Financial Metrics · 2019

Total Revenue
$10.52M

Total Expenses
$8.91M

Net Result
$1.61M

Unique Athletes
199

Revenue & Expense Trend (2015–2019)

20152016201720182019

Revenue
Expenses

Gender Investment Allocation

Men’s programs 68.5%Women’s programs 31.5%

$7.21M
$3.31M

Enrollment Trend (2015–2019)

20152016201720182019

Total
Men
Women

Total enrollment grew by 167 (3%) from 2015 to 2019.

Sport Program Investment

Revenue by sport

Football

$4.46M

Basketball

$3.17M

All Track Combined

$1.21M

Volleyball

$503.6K

Softball

$500.5K

Tennis

$456.9K

Bowling

$228K

Expense by sport

Football

$3.49M

Basketball

$2.62M

All Track Combined

$1.18M

Volleyball

$492.3K

Softball

$465K

Tennis

$446K

Bowling

$216.4K

Sport-by-sport profile table

Sport Men Women Revenue Expense Net
Football 7 125 0 $4.46M $3.49M $966.8K
Basketball 2 23 18 $3.17M $2.62M $555K
All Track Combined 3 82 74 $1.21M $1.18M $23.9K
Volleyball 26 0 15 $503.6K $492.3K $11.2K
Softball 16 0 22 $500.5K $465K $35.5K
Tennis 22 7 8 $456.9K $446K $10.9K
Bowling 33 0 6 $228K $216.4K $11.6K

Participation & Revenue-per-Athlete

Revenue / Unique Athlete
$52.9K

Athletes Tracked
199

Top Sport Share
Football · 42.4%

Program Count
7

Unique men
125

Unique women
74

Per-sport slots
380

Multi-sport coeff
1.91x

Coed men

Coed women

The program has 199 unique athletes filling 380 sport roster slots — a 1.91x multi-sport coefficient indicating extensive cross-sport participation.

Division & Classification Context

Classification
NCAA Division I-FCS
Sector
Public, 4-year or above
Total Enrollment
5,756
Revenue Tier
Below-median (32th pct.)
Peers in Division
124 schools
Peers in Maryland
36 schools

Peer Benchmark

Peer School State Revenue Net Δ vs. subject
Iona College NY $10.42M $0 $-105.4K
Idaho State University ID $10.41M $0 $-116.3K
Charleston Southern University SC $10.35M $0 $-176.3K
Presbyterian College SC $10.21M $0 $-317.1K
The University of Tennessee-Martin TN $10.1M $-219.5K $-422.4K

Financial Ratios & Investment Lens

Metric Value Definition
Subsidy Rate 0.0% Expense shortfall as % of revenue
Revenue / Enrollment $1.8K Athletic revenue per enrolled student
Expense Ratio 84.7% Expenses as % of revenue
Top Sport Share 42.4% Revenue concentration in top program
Division Percentile 32th 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.