The richest schools in Melbourne’s north revealed

Our analysis of financial records from schools in the northern suburbs have shown the massive amount of money some schools make every year, and how little some are forced to scrape by on. See how your school compares.

One school in Melbourne’s north rakes in more than $196.1 million in three years, tightly held school statistics reveal.

An independent analysis of school financial records from the MySchool website shows the amount of gross income schools make every year.

The data revealed Ivanhoe Grammar School had a higher gross income than any other school in the northern suburbs at $196.1 million according to financial records from the three most recently available years.

Principal Gerard Foley said the school’s expenditure included employing more than 400 staff members and implementing specialised academic and co-curricular programs.

“It is widely acknowledged that the biggest impact on student performance, other than the students themselves, is the competence and dedication of their teachers,” he said.

“At Ivanhoe Grammar School, we believe investing in, and supporting quality staff is paramount in providing students with the best opportunity to succeed to the best of their ability.

“We aim for our students to be the best version of themselves, we also do the same for our staff.”

Mr Foley said they had also recently invested more than $750,000 to install solar panels across campuses, as part of the school’s sustainability program.

It has more than 2200 students across four campuses in Ivanhoe, Macleod and Doreen.

Sirius College came in second when it came to gross income, with $120.2 million.

The school has more than 2800 across six campuses, two in Broadmeadows along with sites in Dallas, Sunshine, Keysborough and Shepparton.

Sirius College had a gross income of $120.2 million over the three-year period.

The MySchool data includes fees, charges and parental contributions as well as state and federal government funding and any other private sources during 2015-17.

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 three years.

The data also revealed the most expensive schools in the northern suburbs, with Ivanhoe Grammar School coming out on top again.

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The average amount parents paid in fees, charges and contributions in 2017 was $25,928.

Mr Foley said the school invested heavily in learning through recruiting high quality staff, offering innovative academic programs and providing facilities that enhance the learning experience of all students.

Ivanhoe Girls’ Grammar School came second with an average parental contribution of $22,952.

Learning Co-Operative School, in Hurstbridge, had the lowest gross income of any school in the region. It made just $1 million in gross income over the three-year period.

Region’s richest schools by gross income

Ivanhoe Grammar School: $196.1 million

Sirius College: $120.2 million

St Monica’s College: $108.8 million

Parade College: $100.9 million

Ilim College: $100.5 million

St Bernard’s College, Essendon: $81.9 million

Ivanhoe Girls’ Grammar School: $81.7 million

Marymede Catholic College: $77.8 million

Penola Catholic College: $74.3 million

Region’s poorest schools by gross income

Learning Co-Operative School, Hurstbridge: $1 million

Strathewen Primary School: $1.7 million

Arthurs Creek Primary School: $2.2 million

Kinglake Primary School: $2.9 million

Gisborne Montessori School: $3 million

Red Rock Christian College: $3.1 million

St Stephen’s School, Reservoir: $3.3 million

Maharishi School of the Age of Enlightenment: $3.6 million

Wattle Glen Primary School: $4.2 million

Kangaroo Ground Primary School: $4.3 million

Region’s schools that cost parents the most

Ivanhoe Grammar School: $25,928

Ivanhoe Girls’ Grammar School: $22,952

Eltham College: $22,741

Lowther Hall Anglican Grammar School: $19,039

Alphington Grammar School: $16,270

Plenty Valley International Montessori School: $15,289

Sophia Mundi Steiner School: $14,557

Alice Miller School, Macedon: $13,011

Deutsche Schule Melbourne: $12,936

Braemar College, Woodend: $11,482