While operated as part of the Queensland Department of Education, Pimlico was awarded Independent Public School (IPS) status in 2013.

Under the IPS program, Pimlico operates semi-autonomously with oversight provided by a School Council.

Students can apply for enrolment as part of the school's Excellence Programs in Music, Performing Arts and Academics.

A team of approximately fifteen Heads of Department lead different faculties or significant programs areas within the school.

The majority of these Heads of Department lead curriculum-based faculty areas, such as Mathematics or The Arts, while a small number have responsibility for school-wide programs or initiatives such as Teaching and Learning or Student Development.