In USA Today’s annual NCAA Finances: Revenue and Expenses by School report, people can see revenue and expenses for 232 athletic departments across the country.
Here’s a look at those which played football in the Group of Five conferences in 2022, though not every school was included in the report. Allocated revenues are funds from government and institution support and student fees.
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2022 Group of Five Revenues And Expenses
| Rank | Team | Total Revenue | Total Expenses | % Allocated |
| 1 | UCF | 89.2M | 69.1M | 54.69% |
| 2 | Cincinnati | 83.3M | 75.9M | 32.29% |
| 3 | Houston | 78.1M | 73.8M | 62.05% |
| 4 | Air Force | 76.6M | 67.4M | 67.63% |
| 5 | San Diego State | 65.9M | 67.2M | 43.29% |
| 6 | UNLV | 64.2M | 62.6M | 38.38% |
| 7 | Memphis | 62.2M | 62.2M | 48.05% |
| 8 | Colorado State | 61.3M | 61.2M | 46.08% |
| 9 | JMU | 57.8M | 57.8M | 81.38% |
| 10 | USF | 56.1M | 62.3M | 50.85% |
| 11 | East Carolina | 55.0M | 54.1M | 44.06% |
| 12 | Fresno State | 54.1M | 46.5M | 42.96% |
| 13 | Old Dominion | 53.4M | 51.9M | 58.52% |
| 14 | Boise State | 50.6M | 50.3M | 32.82% |
| 15 | Wyoming | 50.3M | 47.1M | 41.13% |
| 16 | Nevada | 47.9M | 45.2M | 48.41% |
| 17 | Georgia State | 45.7M | 39.9M | 60.12% |
| 18 | Coastal Carolina | 45.4M | 45.4M | 84.62% |
| 19 | New Mexico | 44.9M | 44.9M | 41.54% |
| 20 | North Texas | 44.5M | 44.2M | 74.93% |
| 21 | Utah State | 43.2M | 42.8M | 56.40% |
| 22 | Charlotte | 41.3M | 39.4M | 66.03% |
| 23 | FIU | 41.0M | 39.4M | 73.00% |
| 24 | Buffalo | 40.2M | 39.5M | 79.21% |
| 25 | Marshall | 39.3M | 39.4M | 59.10% |
| 26 | FAU | 39.2M | 38.1M | 58.38% |
| 27 | Western Michigan | 39.2M | 34.4M | 67.18% |
| 28 | South Alabama | 39.1M | 33.0M | 73.93% |
| 29 | San Jose State | 39.0M | 39.0M | 60.52% |
| 30 | Central Michigan | 39.0M | 34.3M | 71.12% |
| 31 | Appalachian State | 38.5M | 38.6M | 48.36% |
| 32 | UAB | 38.4M | 39.9M | 62.97% |
| 33 | UTSA | 38.2M | 39.2M | 62.50% |
| 34 | Miami (Ohio) | 38.1M | 37.9M | 68.27% |
| 35 | Texas State | 37.3M | 37.9M | 73.49% |
| 36 | Middle Tennessee | 35.6M | 35.6M | 66.42% |
| 37 | Toledo | 35.6M | 35.6M | 61.18% |
| 38 | Western Kentucky | 35.1M | 35.1M | 63.00% |
| 39 | Troy | 33.4M | 33.4M | 74.16% |
| 40 | UTEP | 33.1M | 34.4M | 59.01% |
| 41 | Eastern Michigan | 33.0M | 33.0M | 66.98% |
| 42 | Louisiana-Lafayette | 33.0M | 38.4M | 53.97% |
| 43 | Arkansas State | 32.4M | 32.4M | 47.09% |
| 44 | Georgia Southern | 30.7M | 30.7M | 62.77% |
| 45 | Akron | 30.5M | 30.3M | 65.49% |
| 46 | Ohio | 29.3M | 31.3M | 65.71% |
| 47 | Ball State | 28.8M | 28.5M | 69.41% |
| 48 | Louisiana Tech | 28.7M | 28.3M | 55.76% |
| 49 | Kent State | 28.6M | 29.6M | 58.93% |
| 50 | Southern Mississippi | 28.4M | 28.3M | 51.03% |
| 51 | Bowling Green | 25.6M | 25.4M | 53.81% |
| 52 | Northern Illinois | 22.2M | 24.1M | 54.83% |
| 53 | ULM | 19.1M | 20.5M | 53.24% |
