TOTAL REV $8M
TOTAL EXP $8M
NET $0

Investment Profile · FY 2019

Western Carolina University

Cullowhee, North Carolina · NCAA Division I-FCS · Public, 4-year or above · Enrollment 8,892

ZIP 287239646 · IPEDS unitid 200004

Revenue Percentile (Division)
10th

Key Financial Metrics · 2019

Total Revenue
$8M

Total Expenses
$8M

Net Result
$0

Unique Athletes
187

Gender Investment Allocation

Men’s programs 66.3%Women’s programs 33.7%

$5.31M
$2.7M

Enrollment Trend (2015–2019)

20152016201720182019

Total
Men
Women

Total enrollment grew by 1,483 (20%) from 2015 to 2019.

Sport Program Investment

Revenue by sport

Football

$3.14M

Basketball

$1.98M

Baseball

$546.8K

All Track Combined

$492.1K

Golf

$470K

Soccer

$463K

Volleyball

$402.5K

Softball

$350.9K

Tennis

$165.3K

Expense by sport

Football

$3.14M

Basketball

$1.98M

Baseball

$546.8K

All Track Combined

$492.1K

Golf

$470K

Soccer

$463K

Volleyball

$402.5K

Softball

$350.9K

Tennis

$165.3K

Sport-by-sport profile table

Sport Men Women Revenue Expense Net
Football 7 113 0 $3.14M $3.14M $0
Basketball 2 16 12 $1.98M $1.98M $0
Baseball 1 34 0 $546.8K $546.8K $0
All Track Combined 3 90 74 $492.1K $492.1K $0
Golf 8 9 9 $470K $470K $0
Soccer 15 0 30 $463K $463K $0
Volleyball 26 0 13 $402.5K $402.5K $0
Softball 16 0 21 $350.9K $350.9K $0
Tennis 22 0 7 $165.3K $165.3K $0

Participation & Revenue-per-Athlete

Revenue / Unique Athlete
$42.8K

Athletes Tracked
187

Top Sport Share
Football · 39.2%

Program Count
9

Unique men
113

Unique women
74

Per-sport slots
428

Multi-sport coeff
2.29x

Coed men

Coed women

The program has 187 unique athletes filling 428 sport roster slots — a 2.29x multi-sport coefficient indicating extensive cross-sport participation.

Division & Classification Context

Classification
NCAA Division I-FCS
Sector
Public, 4-year or above
Total Enrollment
8,892
Revenue Tier
Lower-tier (10th pct.)
Peers in Division
124 schools
Peers in North Carolina
68 schools

Peer Benchmark

Peer School State Revenue Net Δ vs. subject
Bethune-Cookman University FL $7.99M $261.4K $-13.8K
Nicholls State University LA $8.15M $812.1K $153.1K
Portland State University OR $8.26M $0 $259.8K
Grambling State University LA $8.3M $299.4K $300K
Western Illinois University IL $8.51M $0 $508.1K

Financial Ratios & Investment Lens

Metric Value Definition
Subsidy Rate 0.0% Expense shortfall as % of revenue
Revenue / Enrollment $900 Athletic revenue per enrolled student
Expense Ratio 100.0% Expenses as % of revenue
Top Sport Share 39.2% Revenue concentration in top program
Division Percentile 10th 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.