Education funding: Victoria’s richest schools revealed

A Melbourne school that has raked in $321.6 million in recent years has topped the list of Victoria’s richest schools. See the full list of cashed-up schools here.

Victoria’s richest schools have been revealed.

Victoria’s richest schools have been revealed.

One Victoria school had a gross income of $321.6 million over a three-year period, an analysis of nearly 10,000 schools’ financial information on the Federal Government’s MySchool website.

That data revealed Victoria’s school with the highest gross income over the 2015, 2016 and 2017 years was Wesley College where fees, government funding and other income sources brought in $321.6 million.

Haileybury College — which came second on the list — has a vertical school in Melbourne’s CBD.

Those figures do not include any deductions for income allocated to capital works or debt servicing.

The school with the second highest income in Victoria was Haileybury College which had a gross income of $314 million across those three years.

Caulfield Grammar School had the third most gross income in Victoria’s across 2015, 2016 and 2017 bringing in a combined total of $301.3 million.

Victoria’s 10 highest income schools in 2015, 2016 and 2017

Wesley College: $321.6 million

Haileybury College: $314 million

Caulfield Grammar School: $301.3 million

Melbourne Grammar School: $226.2 million

Carey Baptist Grammar School: $211.8 million

Methodist Ladies’ College: $198.7 million

Xavier College: $196.9 million

Ivanhoe Grammar School: $196.1 million

Scotch College: $181.5 million

Beaconhills College: $158.6 million