Division I athletic programs are bringing in more money, but most schools across the country are still spending much more than they are making, according to statistics released by the NCAA on Wednesday.

Expenses exceeded generated revenue at all but 20 schools in the Football Bowl Subdivision. The average loss among the "Power Five" conferences was $2.3 million, but was much higher — $17.6 million — at all other FBS schools. From 2012 to 2013, median annual generated revenues (all athletics revenues excluding those allocated through the government, the school or through student-activity fees) increased by 3.2 percent, yet median total expenses rose by 10.6 percent.

The 20 Division I FBS programs whose revenues exceeded their expenses reported median net revenue of $8.45 million. Those schools represent 16 percent of FBS. Median total expenses at institutions in the five highest-resource FBS conferences (ACC, Big Ten, Big 12, Pac-12 and SEC) was $81.7 million. The median at FBS schools outside those five conferences was $28.8 million.

The list of the 20 schools that made a profit was not immediately available, but an inquiry has been made to the NCAA for that information.

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