Queensland’s richest schools earn $1.8 billion in one year

Queensland’s richest schools have been revealed, with several Gold Coast schools among the best off. SEE THE RANKINGS

Queensland’s richest schools have been revealed, with three Gold Coast schools making the top ten.

Newly-released financial data on every school in Queensland has revealed the top 50 schools earned a combined total of $1,858,727,296 in gross income in 2019.

Brisbane Grammar School was the richest in the state, having raked in more than $63 million.

That was an equivalent of almost $37,000 per student, which was also the highest figure of any school.

The vast bulk of the school’s income – more than $44 million – came from school fees, charges and parent contributions. BGS school fees are the highest of any school in Queensland, and in 2019 were about $26,000 per year.

Less than 20 per cent, or about $11 million, of the school’s income came from recurrent federal and state government funding, while a further $7.7 million came from other private sources.

Brisbane Grammar School topped the list as the richest school in the state. Picture: Supplied

King’ Christian College, in fourth place, was the highest ranked Gold Coast school.

The school, which has campuses in Reedy Creek, Pimpama and Logan Village, raked in $47.4 million. That worked out to be $17,214 per student, well behind other schools topping the list.

The Southport School was not far behind with an income of $44.2 million – giving it $28,467 per student.

The Southport School was ranked ninth richest school in Queensland with an income of more than $44 million. Picture: Jerad Williams

Varsity College – the richest public school on the Gold Coast – rounded out the top ten by pulling in more than $44 million in funding for an average of $13,451 per student.

TOP TEN GOLD COAST SCHOOLS AND THEIR 2019 GROSS INCOME

King’s Christian College $47,440,432

The Southport School $44,265,727

Varsity College $44,107,255

Somerset College $39,141,955

All Saints Anglican School $39,014,978

Palm Beach-Currumbin State High School $34,247,555

Helensvale State High School $33,303,101

Upper Coomera State College $31,790,959

Emmanuel College $31,307,681

St Hilda’s School $31,166,591

Originally published as Queensland’s richest schools earn $1.8 billion in one year