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
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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.
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.
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
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