The GAA recorded a profit of €6.5 million, according to its end-of-year accounts, which were published on Thursday.
The Association's revenues decreased by €16 million in the last 12 months, from €128 million to €112 million.
Gate receipts showed an increase with the reformed All-Ireland football championship and Tailteann Cup creating additional fixtures and contributing half of the additional €5 million brought in through the turnstiles.
State funding fell by €7 million, a reflection of the ending of the special Covid supports.
Another reason for the drop in revenue was the reduction in media rights income of around €4 million, caused by the departure of Sky and eir as broadcast partners.
Their replacement, GAAGo, the streaming company jointly run with RTÉ, was a matter of some controversy last year after some high-profile matches were shown on the subscription service.
The GAA remains confident that the service can grow and strengthen revenues.