National Audit Office Report: Decline in museum fundraising, while Tate outperforms other London museums

The breakdown of museum funding is now available

A National Audit Office report on national museums reveals that they raised £108 million in self-generated income in the last financial year, compared with the £270 million they received as government grant-in-aid. Self-generated income derives from fundraising (£68m), trading activities (£22m) and admission charges (£18m), but excludes Lottery awards. Fundraising income has fallen from its peak in 2000-1 (£90m), when Lottery and Millennium projects were at their height, attracting large private donations. Trading income has been rising by around 4% a year. Income from admission charges has fallen since free entry was introduced at most museums in 1999-2001, although tickets for temporary exhibitions still bring in substantial sums. The study on “Income generated by the Museums and Galleries” also breaks down figures for individual museums in 2002-3, with Tate far outperforming the other three major London art institutions.

Originally appeared in The Art Newspaper as 'Decline in museum fundraising, while Tate outperforms other London museums'

Appeared in The Art Newspaper Archive, 145 March 2004