NT’s richest and poorest schools revealed in new data

The NT’s richest school has raked in more than $130m in five years, while the poorest school has been forced to make ends meet with just $2m. See the full list.

An independent analysis of every Territory schools’ financial records has revealed the abundance of money some schools make each year, compared to what others are forced to scrape by on.

Palmerston College saw the highest gross income in the Territory according to the MySchool website’s data, earning $130.8 million in the five years to 2022.

In 2022 alone, its gross income tallied to $27.7 million with a total of $24,183 per student.

The high school’s income increased by 19.25 per cent over the five year period.

Taminmin College made $123.4 million in the five years to 2022, making it the second-highest earning school in the NT.

Its income increased by 23.46 per cent over the five year period.

Previously, Darwin High School was the richest school of the NT with a gross income of $118.1m over the five years to 2021.

But Tipperary Station School was forced to make ends meet with just $2 million over the five years to 2022.

It recorded a total income loss of 29 per cent during that time and made just $355,612 in 2022.

Douglas Daly School recorded the second lowest income over the same five-year period with just $2.5 million.

However, this was an increase of 28.79 per cent in the five years to 2022.

According to the MySchool website, TSS is classified as a “very remote” school, while DDS is classified as “Remote”.

Previously, teachers working in the Territory’s most remote schools have highlighted the impact limited funding has had on bush schools, with flow-on effects to surrounding communities.