by Paul Gatling (pgatling@nwabj.com)
One year after posting a $6.27 million profit, the University of Arkansas athletics department broke even for the fiscal year 2023 (July 1, 2022–June 30, 2023).
The figures are in the university’s annual Equity in Athletics Disclosure Act (EADA) survey. Arkansas, and every other intercollegiate athletics department in the country, self-reports financial information detailing operating revenues and expenses to the U.S. Department of Education annually to comply with the EADA Act of 1994. The EADA requires disclosing information about varsity teams and the financial resources and personnel the school dedicates to those teams.
To read the university’s EADA report, click here for a PDF.
According to the survey, the athletics department’s revenue totaled $171.1 million, up 10.7% from $154.55 million in the previous fiscal year. Expenses were also $171.1 million, up 15.3% from $148.28 million last fiscal year.
