Found this interesting:
If you look at the latest finances and strip out allocations as "school funding", even though some are just student tickets to all events as a fee and shouldn't count, then do a P/L on it, these are the current P5 teams that pop up (these are in order from most to least and doesn't include privates because I don't feel like looking them all up individually):
Turns profit on own (25)- Indiana, Georgia, Ohio State, Purdue, Kansas State, Michigan, A&M, Michigan State, Texas, Florida, Oregon, Nebraska, Penn State, Clemson, Arkansas, Kansas, Auburn, Bama, LSU, Illinois, Kentucky, Mississippi State, Missouri, Oklahoma and Louisville
Less than $5m in loss (e.g. student ticket crowd) (8) - Iowa, Texas Tech, Wisconsin, WVU, Iowa State, Tennessee, Minnesota, South Carolina.
$5-$15m in loss (10)- NC State, UNC, Ole Miss, Utah, GTech, Oklahoma State, Florida State, Colorado, Virginia, Washington State.
$15m-$25m in loss (5) - Oregon State, VTech, Washington, Maryland, Arizona State
+$25m in loss (4) - Cal, UCLA, Arizona, Rutgers.