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The school first opened on September 8, 1912, one month after the church's first Mass.
Sister Mary Benitia Vermeersch, C.D.P., born in Belgium, began operating the school in 1915, when it had 85 students enrolled; she was assigned there due to her knowledge of Mexican culture and her proficiency in Spanish.
After a new church facility opened in 1923, the previous church facility was remodeled, and began to be entirely used as a school and for social activities.
The school began charging for tuition in the 1934–35 school year, with $.25 ($4.84 with inflation considered) to .50 per pupil ($9.67 with inflation considered). Natalie Garza said that the tuition was "minimal."
The current school building, established to be resistant against fire, was opened in 1948.
The Sisters initially commuted to OLG School from the already established Immaculate Conception School (closed 1969); their presence in OLG School lasted for 87 years.
In 1985 the school purchased individual air conditioning units that were installed in classrooms.
In 2010 the archdiocese launched a campaign to stabilize OLG and twelve other inner city Catholic schools so they could stay open.
The students, as of 2010, originated from 46 ZIP codes in Greater Houston.
As of 2010, tuition was about $3,030 ($3595.96 in current money) per year, with discounts given to siblings.
Four years prior to 2012, the school opened a covered area which shelters individuals moving between buildings during inclement weather.
In a 20-year period before 2012 the school acquired a plot of land which had overgrown vegetation.
As of the 2012–13 school year, tuition is $3,420 per year for Pre-Kindergarten and Kindergarten students, $3,265 per year for first-time grade school students, and $2,125 per year for second and subsequent time grade school students, and other fees apply.
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| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Chicago Public Schools | 1837 | $230.0M | 28,788 | 323 |
| Westfield High School | - | $1.7M | 50 | 200 |
| The Orchard School | 1922 | $50.0M | 115 | - |
| Saint David's School | 1951 | $1.1M | 15 | - |
| Washington Elementary School District | 1891 | $219.5M | 1,148 | 97 |
| Saint Joseph’s School | - | $200,000 | 7 | 89 |
| Our Lady of the Assumption Catholic School | 2007 | $330,000 | 3 | - |
| The Barack Obama Green Charter High School | 2010 | $5.0M | 125 | 3 |
| Albany High School | - | $500,000 | 50 | - |
| Berne-Knox-Westerlo Central School District | 1931 | $3.6M | 50 | - |
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