Queensland Grammar schools cash in with $325 million combined income last year

The highest-earning school attracted about $70 million in income last year, while the greatest profit was more than $9 million.

Queensland’s eight public Grammar schools raked in an operating income of more than $325 million last year, and posted a combined profit of more than $20 million.

Compared to 2021, the eight schools made about $19 million less and registered a combined income of $306 million, but their profit was similar – $19.7 million.

The Courier-Mail analysed the eight schools’ financial statements contained within their 2022 annual reports, which were tabled last week through Queensland parliament.

Brisbane Grammar School had the highest 2022 operating income, more than $70 million, but Brisbane Girls Grammar School posted the highest operating profit – in excess of $9 million.

The Rockhampton Grammar School managed the greatest revenue increase from 2021 to 2022, with the central Queensland school generating an extra $3.7 million last year.

In the following analysis, The Courier-Mail chose to not include every source of the schools’ income, but rather, highlight the main revenue streams and provide totals.

Toowoomba Grammar School new headmaster, Dr John Kinniburgh.

Brisbane Grammar School

Revenue – 2022

Tuition fees: $53,618,000

Government grants: $12,243,000

Donations: $1,992,000

Total operating income: $70,660,000

Operating profit: $819,000

Revenue – 2021

Tuition fees: $51,325,000

Government grants: $12,088,000

Donations: $2,030,000

Total operating income: $69,021,000

Operating profit: $4,340,000

Brisbane Girls Grammar School

Revenue – 2022

Tuition fees: $41,600,268

Government grants: $10,068,436

Total operating income: $57,729,785

Operating profit: $9,208,288

Revenue – 2021

Tuition fees: $39,474,548

Government grants: $9,902,009

Total operating income: $55,179,010

Operating profit: $8,286,238

Ipswich Girls Grammar School

Revenue – 2022

Tuition & boarding fees: $12,121,850

Government grants: $10,607,697

Total operating income: $28,287,355

Operating profit: $2,137,740

Revenue – 2021

Tuition & boarding fees: $12,362,558

Government grants: $10,477,467

Total operating income: $27,586,811

Operating profit: $1,416,798

Ipswich Grammar School

Revenue – 2022

Tuition & boarding fees: $14,737,000

Grants & contributions: $12,261,000

Total operating income: $29,331,000

Operating profit: $1,057,000

Revenue – 2021

Tuition & boarding fees: $13,836,000

Grants & contributions: $11,592,000

Total operating income: $27,253,000

Operating profit: $584,000

Rockhampton Girls Grammar School

Revenue – 2022

Tuition & boarding fees: $4,892,811

Government grants: $6,486,439

Total operating income: $12,553,882

Operating profit: $1,773,496

Revenue – 2021

Tuition & boarding fees: $3,978,579

Government grants: $4,742,690

Total operating income: $9,823,782

Operating profit: $386,926

The Rockhampton Grammar School

Revenue – 2022

Tuition fees: $20,374,999

Government grants: $19,194,843

Total operating income: $48,586,925

Operating profit: $1,511,640

Revenue – 2021

Tuition fees: $19,385,154

Government grants: $17,648,850

Total operating income: $44,885,611

Operating profit: $1,640,900

Toowoomba Grammar School

Revenue – 2022

Fees: $25,037,130

Government grants: $13,395,900

Total operating income: $41,713,232

Operating profit (income minus expenses): $1,426,928

Revenue – 2021

Fees: $23,916,701

Government grants: $12,897,423

Total operating income: $39,181,616

Operating profit (income minus expenses): $1,021,079

Townsville Grammar School

Revenue – 2022

Fees: $16,956,945

Government grants: $15,427,071

Total operating income: $36,192,491

Operating profit (income minus expenses): $2,703,031

Revenue – 2021

Fees: $15,308,476

Government grants: $14,166,140

Total operating income: $33,397,961

Operating profit (income minus expenses): $2,038,033