Royal Academy of Music

Analysis

Royal Academy of Music is a registered charity in England and Wales, based in London. It was registered in January 1973, 53 years ago. Its declared purposes cover education/training, which this site groups under education and training. It says it provides services and provides advocacy/advice/information.

In the financial year ending July 2025, Royal Academy of Music reported income of £33.2m and spending of £32.5m, spending 98% of its income. Across the 5 years on record, from July 2021 to July 2025, income grew from £30.1m to £33.2m (+10%), an average of +2.5% a year. Over the whole period it spent 88% of the income it received.

Among 21,402 England and Wales charities whose main cause is education and training and that reported income, Royal Academy of Music sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in England and Wales with reported income it ranks in the 100th percentile. Charities of a similar size with the same main cause include Lighten Education Network (£33.1m), Eltham College (£33.5m) and Ambition Institute (£33.1m).

In its latest detailed accounts, income came from charitable activities 55%, donations and legacies 27%, investments 11% and trading 1.7%. Gifts in wills alone brought in £1.3m. Charitable activities took 95% of spending and raising funds 4.6%. Reserves of £14.5m would cover about 5 months of spending at that rate. It employed 273 people.