TOTAL REV $21.85M
TOTAL EXP $19.48M
NET $2.37M

Investment Profile · FY 2019

Virginia Commonwealth University

Richmond, Virginia · NCAA Division I without football · Public, 4-year or above · Enrollment 19,734

ZIP 232842512 · IPEDS unitid 234030

Revenue Percentile (Division)
89th

Key Financial Metrics · 2019

Total Revenue
$21.85M

Total Expenses
$19.48M

Net Result
$2.37M

Unique Athletes
175

Revenue & Expense Trend (2015–2019)

20152016201720182019

Revenue
Expenses

Gender Investment Allocation

Men’s programs 60.4%Women’s programs 39.6%

$13.19M
$8.65M

Sport Program Investment

Revenue by sport

Basketball

$12.04M

Soccer

$2.27M

All Track Combined

$1.42M

Tennis

$1.29M

Volleyball

$1.22M

Baseball

$1.22M

Field Hockey

$945.3K

Lacrosse

$936.4K

Golf

$497.7K

Expense by sport

Basketball

$9.67M

Soccer

$2.27M

All Track Combined

$1.42M

Tennis

$1.29M

Volleyball

$1.22M

Baseball

$1.22M

Field Hockey

$945.3K

Lacrosse

$936.4K

Golf

$497.7K

Sport-by-sport profile table

Sport Men Women Revenue Expense Net
Basketball 2 14 26 $12.04M $9.67M $2.37M
Soccer 15 33 32 $2.27M $2.27M $0
All Track Combined 3 86 89 $1.42M $1.42M $0
Tennis 22 8 8 $1.29M $1.29M $0
Volleyball 26 0 16 $1.22M $1.22M $0
Baseball 1 36 0 $1.22M $1.22M $0
Field Hockey 6 0 18 $945.3K $945.3K $0
Lacrosse 11 0 29 $936.4K $936.4K $0
Golf 8 7 0 $497.7K $497.7K $0

Participation & Revenue-per-Athlete

Revenue / Unique Athlete
$124.8K

Athletes Tracked
175

Top Sport Share
Basketball · 55.1%

Program Count
9

Unique men
86

Unique women
89

Per-sport slots
402

Multi-sport coeff
2.30x

Coed men

Coed women

The program has 175 unique athletes filling 402 sport roster slots — a 2.30x multi-sport coefficient indicating extensive cross-sport participation.

Division & Classification Context

Classification
NCAA Division I without football
Sector
Public, 4-year or above
Total Enrollment
19,734
Revenue Tier
Upper quartile (89th pct.)
Peers in Division
95 schools
Peers in Virginia
47 schools

Peer Benchmark

Peer School State Revenue Net Δ vs. subject
Loyola Marymount University CA $21.96M $0 $113.7K
Quinnipiac University CT $23.45M $0 $1.6M
Seton Hall University NJ $20M $0 $-1.85M
George Washington University DC $23.88M $0 $2.03M
Pepperdine University CA $19.69M $0 $-2.16M

Financial Ratios & Investment Lens

Metric Value Definition
Subsidy Rate 0.0% Expense shortfall as % of revenue
Revenue / Enrollment $1.1K Athletic revenue per enrolled student
Expense Ratio 89.2% Expenses as % of revenue
Top Sport Share 55.1% Revenue concentration in top program
Division Percentile 89th Revenue rank within NCAA Division I without football

Source: U.S. Department of Education — Equity in Athletics Data Analysis (EADA). Fiscal year 2019. Last updated April 18, 2026.