Revealed: Tasmania’s richest and poorest schools according to MySchool data

The results are in. The Mercury has revealed the full round up of Tasmania’s richest and poorest schools, with the state’s most cashed-up institution raking in more than $158m in five years. INTERACTIVE LIST >

The Friends’ School, Hobart. Picture: Supplied.

Tasmania’s richest school has raked in more than $158.3 million in five years, with an average cost per student of $29,070, tightly held school statistics reveal.

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 reveal the prestigious Friends’ School in North Hobart had a higher gross income than any other school in Tasmania.

The cashed-up school made a gross income of $158.3 million, according to financial records from the combined past five years.

The Friends’ School in Hobart has topped out the list as the state’s wealthiest school. Picture: Nikki Davis-Jones

This means the school’s income has increased by 18 per cent between 2017 and 2021.

The state’s second richest school was St Patrick’s College, in Prospect Vale, which had a gross income of $144 million.

Its total gross income per student in 2021 was $22,181.

The school with the third highest gross income was Scotch Oakburn College, in Newstead, which made $132.9 million.

Its total gross income per student in 2021 was $22,978.

250 schools across the state were analysed.

Out of the schools analysed, the top six schools combined – each earning over $100m in gross income – made more money than the total combined gross income of the 43 lowest performing schools on the list.

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 school on Cape Barren Island was the lowest performer on the list. Picture: News Corp Australia.

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.

Cape Barren Island School at Cape Barren Island had the lowest gross income of any school in Tasmania.

It made just $2.3 million over the five year period.

Its total gross income increased by 69 per cent from 2017 to 2021 while the total gross income per student in 2021 was $47,312.

Ouse District School at Ouse had the second lowest gross income of any school in Tasmania.

It made just $3.5 million over the five year period.

Its total gross income increased by 31 per cent from 2017 to 2021 while the total gross income per student in 2021 was $50,015.

Wilmot Primary School at Wilmot had the third lowest gross income of any school in Tasmania.

It made just $3.6 million over the five year period.

Its total gross income increased by 35 per cent from 2017 to 2021 while the total gross income per student in 2021 was $38,183.