The Art Academy

Analysis

The Art Academy is a registered charity in England and Wales, based in London. It was registered in January 2000, 26 years ago. Its declared purposes cover education/training and arts/culture/heritage/science, which this site groups under arts, culture, heritage and science. Legally it is a charitable company (Companies House number 03801729). It says it provides buildings/facilities/open space and other charitable activities.

In the financial year ending August 2024, The Art Academy reported income of £2.0m and spending of £2.1m, spending 104% of its income. Across the 4 years on record, from August 2021 to August 2024, income grew from £1.3m to £2.0m (+51%), an average of +15% a year. The sharpest change came in the year to August 2022, when income rose by 22%. Over the whole period it spent 108% of the income it received.

Among 17,634 England and Wales charities whose main cause is arts, culture, heritage and science and that reported income, The Art Academy sits at the 97th percentile: it is larger than about 97% of them. Against every charity in England and Wales with reported income it ranks in the 96th percentile. Charities of a similar size with the same main cause include Stockton Arts Centre (£2.0m), St George's Bristol (£2.1m) and Norfolk and Norwich Festival Trust (£2.0m).

In its latest detailed accounts, income came from charitable activities 50%, donations and legacies 27% and trading 23%. Charitable activities took 96% of spending and raising funds 3.8%. Reserves of £309k would cover about 2 months of spending at that rate. It employed 20 people.

Data notes from the register: The regulator lists this charity's latest annual return or accounts as overdue. Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.