Penn State Finances

Research by BusinessofCollegeSports.com Staff

A five-year snapshot of Penn State’s athletic department finances per filings with the Department of Education and IRS Form 990s.

It’s important to note that Department of Education filings do not always include all expenses. The 2010-2011 numbers include the information provided by Penn State regarding expenses not reported. Those notes are not available for previous years but the situation was likely similar in previous years.

2010-2011

Football

Revenue: $72,747,734

Expenses: $19,519,288

Net Revenue: $53,228,446

Athletic Department

Revenue: $116,118,026

Expenses: $84,498,339

Net Revenue: $31,619,687

*Note to Penn State’s report says: “As is referenced in the Caveat box in the Total Expenses section, Grand Total Expenses does not include $19,580,022 of debt service expense and $14,980,216 spent during the year on capital expenditures. Subsequent to addressing our debt service obligation, any remaining excess revenue is/will be used in funding current/future capital projects.”

2009-2010

Football

Revenue: $70,208,584

Expenses: $19,780,939

Net Revenue: $50,427,645

Athletic Department

Revenue: $106,614,724

Expenses: $80,260,637

Net Revenue: $26,354,087

Big Ten distribution: $20,039,504

 

2008-2009

Football

Revenue: $61,767,717

Expenses: $19,131,957

Net Revenue: $42,635,760

Athletic Department

Revenue: $95,978,243

Expenses: $76,499,957

Net Revenue: $19,478,286

Big Ten distribution: $19,172,047

 

2007-2008

Football

Revenue: $53,766,038

Expenses: $16,537,705

Net Revenue: $37,228,333

Athletic Department

Revenue: $91,570,233

Expenses: $79,275,354

Net Revenue: $12,294,879

Big Ten distribution: $18,785,520

 

2006-2007

Football

Revenue: $44,014,052

Expenses: $14,609,828

Net Revenue: $29,404,224

Athletic Department

Revenue: $76,327,504

Expenses: $76,327,504

Net Revenue: $4,353,456

Big Ten distribution: $14,010,190