Revealed: Gold Coast’s richest and poorest schools
Gold Coast’s richest school has raked in more than $242.5 million in five years, averaging $18,422 per student. See where your school ranks
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An independent analysis of school financial records from the MySchool website have shown the massive amount of money some schools make every year, and how little some schools are forced to scrape by on.
The figures revealed King’s Christian College in Reedy Creek had the highest gross income of any school in the region – raking in $242.5 million, according to financial records from the combined past five years.
The school’s income increased by 79 per cent between 2017 and 2021 with the school making $18,422 per student in gross profit.
The Southport School is the Coast’s second richest school with a gross income of $224.5 million.
In 2021, the school made $29,395 per student in gross profit.
Varsity College, the third richest, made $222.5 million in total. In 2021, the college made $13,946 per student.
The figures include all fees, charges and parental contributions as well as State and Federal Government funding and any other private sources over the five years from 2017 to 2021.
It does not include any deductions for capital works or debt servicing.
The analysis does not include special schools or schools that did not have complete financial data in MySchool for one or more of the five years.
Numinbah Valley State School at Numinbah Valley had the lowest gross income of any school in the Gold Coast region.
It made just $2.2 million over the five year period.
Its total gross income increased by 20 per cent from 2017 to 2021 while the total gross income per student in 2021 was $39,396.
Springbrook State School at Springbrook had the second lowest gross income of any school in the Gold Coast region.
It made just $3.6 million over the five year period.
Its total gross income increased by 18 per cent from 2017 to 2021 while the total gross income per student in 2021 was $22,844.
Ingleside State School at Tallebudgera Valley had the third lowest gross income of any school in the Gold Coast region.
It made just $7.6 million over the five year period.
Its total gross income increased by 37 per cent from 2017 to 2021 while the total gross income per student in 2021 was $14,636.
RICHEST SCHOOLS IN GOLD COAST
King’s Christian College: $242.5 million
The Southport School: $224.5 million
Varsity College: $222.5 million
Somerset College: $200.7 million
All Saints Anglican School: $196.6 million
Palm Beach-Currumbin State High School: $172.8 million
Helensvale State High School: $165.8 million
A B Paterson College: $159.4 million
St Hilda’s School: $156.6 million
Emmanuel College: $155.7 million
POOREST SCHOOLS IN GOLD COAST
Numinbah Valley State School: $2.2 million
Springbrook State School: $3.6 million
Ingleside State School: $7.6 million
Beechmont State School: $8.7 million
Currumbin Valley State School: $11.8 million
Coolangatta State School: $15.5 million
St Bernard State School: $16.8 million
Mother Teresa Primary School: $17.2 million
Cedar Creek State School: $17.2 million
St Clare’s Primary School: $19.9 million
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