TOTAL REV $5.78M
TOTAL EXP $5.78M
NET $0

Investment Profile · FY 2019

Harding University

Searcy, Arkansas · NCAA Division II with football · Private nonprofit, 4-year or above · Enrollment 3,532

ZIP 72143 · IPEDS unitid 107044

Revenue Percentile (Division)
61th

Key Financial Metrics · 2019

Total Revenue
$5.78M

Total Expenses
$5.78M

Net Result
$0

Unique Athletes
241

Revenue & Expense Trend (2015–2019)

20152016201720182019

Revenue
Expenses

Gender Investment Allocation

Men’s programs 62.5%Women’s programs 37.5%

$3.61M
$2.17M

Enrollment Trend (2015–2019)

20152016201720182019

Total
Men
Women

Total enrollment contracted by 574 (-14%) from 2015 to 2019.

Sport Program Investment

Revenue by sport

Football

$1.82M

Basketball

$927.4K

All Track Combined

$737.9K

Soccer

$630.7K

Baseball

$473K

Softball

$378.1K

Volleyball

$328.5K

Tennis

$287.7K

Golf

$195.2K

Expense by sport

Football

$1.82M

Basketball

$927.4K

All Track Combined

$737.9K

Soccer

$630.7K

Baseball

$473K

Softball

$378.1K

Volleyball

$328.5K

Tennis

$287.7K

Golf

$195.2K

Sport-by-sport profile table

Sport Men Women Revenue Expense Net
Football 7 128 0 $1.82M $1.82M $0
Basketball 2 19 17 $927.4K $927.4K $0
All Track Combined 3 131 110 $737.9K $737.9K $0
Soccer 15 28 24 $630.7K $630.7K $0
Baseball 1 42 0 $473K $473K $0
Softball 16 0 26 $378.1K $378.1K $0
Volleyball 26 0 16 $328.5K $328.5K $0
Tennis 22 15 13 $287.7K $287.7K $0
Golf 8 9 6 $195.2K $195.2K $0

Participation & Revenue-per-Athlete

Revenue / Unique Athlete
$24K

Athletes Tracked
241

Top Sport Share
Football · 31.5%

Program Count
9

Unique men
131

Unique women
110

Per-sport slots
584

Multi-sport coeff
2.42x

Coed men

Coed women

The program has 241 unique athletes filling 584 sport roster slots — a 2.42x multi-sport coefficient indicating extensive cross-sport participation.

Division & Classification Context

Classification
NCAA Division II with football
Sector
Private nonprofit, 4-year or above
Total Enrollment
3,532
Revenue Tier
Above-median (61th pct.)
Peers in Division
167 schools
Peers in Arkansas
30 schools

Peer Benchmark

Peer School State Revenue Net Δ vs. subject
Northern State University SD $5.76M $54.3K $-17.1K
Angelo State University TX $5.7M $80.7K $-77.5K
University of Nebraska at Kearney NE $5.86M $203.3K $86.5K
Fort Hays State University KS $5.87M $245.5K $93.4K
Stonehill College MA $5.88M $93.5K $99.5K

Financial Ratios & Investment Lens

Metric Value Definition
Subsidy Rate 0.0% Expense shortfall as % of revenue
Revenue / Enrollment $1.6K Athletic revenue per enrolled student
Expense Ratio 100.0% Expenses as % of revenue
Top Sport Share 31.5% Revenue concentration in top program
Division Percentile 61th Revenue rank within NCAA Division II with football

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