USA Today has released its annual NCAA Finances: Revenue and Expenses by School report, which includes 232 athletic departments.
Below are the FCS-level schools.
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Note: Not all FCS schools are included in USA Today’s report as private universities
% Allocated refers to allocated revenues from government and institution support and student fees
| Rank | School | Total Revenue | % Allocated |
| 1 | UC Davis | $44,275,782 | 80.14% |
| 2 | Cal Poly | $37,134,737 | 73.64% |
| 3 | Stony Brook | $37,027,808 | 85.56% |
| 4 | Sacramento State | $35,893,960 | 84.24% |
| 5 | New Hampshire | $33,102,605 | 72.97% |
| 6 | Kennesaw State | $32,970,444 | 80.57% |
| 7 | Rhode Island | $31,993,515 | 76.87% |
| 8 | William & Mary | $30,941,310 | 54.75% |
| 9 | North Dakota | $30,859,877 | 47.89% |
| 10 | Missouri State | $29,915,772 | 61.31% |
| 11 | Illinois State | $29,899,837 | 69.83% |
| 12 | North Dakota State | $29,295,443 | 25.94% |
| 13 | Montana | $28,970,312 | 34.65% |
| 14 | Towson | $28,568,909 | 80.20% |
| 15 | Albany | $27,295,306 | 77.85% |
| 16 | Montana State | $26,410,575 | 45.33% |
| 17 | Northern Arizona | $25,750,579 | 82.01% |
| 18 | South Dakota State | $25,570,541 | 47.97% |
| 19 | Maine | $25,063,461 | 76.80% |
| 20 | Stephen F. Austin | $23,217,377 | 76.39% |
| 21 | Idaho | $23,013,225 | 63.49% |
| 22 | Northern Colorado | $22,439,916 | 61.28% |
| 23 | South Dakota | $22,184,268 | 62.19% |
| 24 | East Tennessee State | $22,173,333 | 63.31% |
| 25 | Sam Houston State | $21,690,534 | 69.80% |
| 26 | Chattanooga | $21,051,127 | 71.17% |
| 27 | Jacksonville State | $20,288,342 | 76.55% |
| 28 | Eastern Kentucky | $19,440,010 | 79.24% |
| 29 | Lamar | $18,882,235 | 71.95% |
| 30 | Southern Illinois | $18,739,324 | 59.19% |
| 31 | Indiana State | $18,656,224 | 70.97% |
| 32 | Murray State | $18,597,756 | 69.13% |
| 33 | Tarleton State | $18,308,489 | 80.62% |
| 34 | The Citadel | $18,209,217 | 59.61% |
| 35 | Southern | $18,190,798 | 72.41% |
| 36 | Youngstown State | $17,773,160 | 73.12% |
| 37 | Austin Peay | $17,641,703 | 74.10% |
| 38 | Northern Iowa | $17,603,463 | 53.24% |
| 39 | Tennessee Tech | $17,547,092 | 81.04% |
| 40 | Central Arkansas | $17,502,833 | 77.55% |
| 41 | Southern Utah | $17,259,008 | 75.87% |
| 42 | Portland State | $16,839,891 | 82.73% |
| 43 | Western Carolina | $16,396,597 | 69.25% |
| 44 | North Carolina A&T | $16,372,030 | 78.00% |
| 45 | Delaware State | $16,211,290 | 92.20% |
| 46 | Central Connecticut | $16,043,570 | 84.70% |
| 47 | VMI | $15,960,931 | 45.22% |
| 48 | Norfolk State | $15,929,886 | 77.22% |
| 49 | Tennessee State | $15,883,556 | 81.21% |
| 50 | Weber State | $15,842,365 | 64.52% |
| 51 | Southeastern Louisiana | $14,876,169 | 54.54% |
| 52 | Alabama State | $14,550,273 | 64.88% |
| 53 | UT Martin | $14,461,961 | 68.99% |
| 54 | Utah Tech | $14,348,736 | 79.95% |
| 55 | Prairie View A&M | $14,322,177 | 75.90% |
| 56 | Alabama A&M | $14,006,086 | 90.39% |
| 57 | North Alabama | $13,788,806 | 75.23% |
| 58 | McNeese State | $13,623,100 | 50.64% |
| 59 | Northwestern State | $13,505,438 | 68.15% |
| 60 | Texas Southern | $13,362,715 | 72.14% |
| 61 | South Carolina State | $13,271,355 | 72.70% |
| 62 | Florida A&M | $13,172,315 | 59.83% |
| 63 | Eastern Washington | $12,886,340 | 69.80% |
| 64 | Eastern Illinois | $12,837,153 | 68.18% |
| 65 | Jackson State | $12,821,652 | 39.37% |
| 66 | Southeast Missouri State | $12,807,771 | 73.63% |
| 67 | Idaho State | $12,137,163 | 67.04% |
| 68 | Morehead State | $11,639,966 | 81.36% |
| 69 | Grambling State | $11,378,552 | 73.92% |
| 70 | North Carolina Central | $11,339,477 | 76.55% |
| 71 | Morgan State | $11,126,282 | 82.53% |
| 72 | Nicholls State | $10,961,304 | 60.39% |
| 73 | Western Illinois | $10,066,267 | 71.78% |
| 74 | Arkansas-Pine Bluff | $8,650,669 | 50.83% |
| 75 | Alcorn State | $6,159,503 | 52.62% |
| 76 | Mississippi Valley State | $4,040,925 | 59.37% |
