What is the financial size of MK GALLERY?

MK GALLERY is classified as a large charity. In the latest financial year, they reported a total income of £1,772,724 and total expenditure of £2,109,740.

How does MK GALLERY allocate its spending?

For every pound spent, approximately 93.5% goes directly to charitable activities. The remaining 6.5% is spent on raising funds and administration. This is lower than the median for similar-sized charities (97.8%).

What is the workforce structure of MK GALLERY?

MK GALLERY employs 34 staff members and is supported by 235 volunteers.

Does MK GALLERY receive government funding?

To a small extent. Approximately 17.2% of their income comes from government grants or contracts.

Does MK GALLERY pay its trustees?

Yes, the latest data indicates that one or more trustees receive payments or personal benefits from the charity.

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MK GALLERY

#1059678

Charitable company•Large•Registered

www.mkgallery.org

To promote, maintain, improve and advance the education and understanding of the public, particularly through the production and presentation of and engagement with the arts, visual culture and related areas of creative practice, and to formulate, prepare and establish projects and schemes therefore provided that all objects of the gallery shall be of a charitable nature.

Registered address

MK Gallery, 3 Theatre Walk, MILTON KEYNES, MK9 3PX

Latest HighlightsFY 2024

Income

All sources

£1,772,724

Expenditure

All activities

£2,109,740

Net Reserves

Unrestricted funds

£100,145

Total Assets

Gross assets

£11,962,727

Working Capital

Liquidity

£-89,573

Benchmark Performance

Comparing against 8,683 similar large charities

Compare vs:

Reserve Runway

0.6 months

Median: 3.8 monthsBelow typical

Income Growth (1yr)

13.0%

Median: 7.4%Around typical

Spending Efficiency

93.5%

Median: 97.8%Around typical

Income Concentration

37.6%

Median: 87.9%Top quartile

Fundraising ROI

12.9x

Median: 19.2xAround typical

Income Volatility

25.1%

Median: 20.6%Around typical

Self-Generated Income

70.8%

Median: 82.9%Around typical

3-Year Income CAGR

2.1%

Median: 7.8%Around typical

Efficiency & Health

Charitable Spending

93.5%

Fundraising Eff.

% income retained

12.9%

Governance Cost

% of expenditure

0.9%

Grant Making

% given away

Debt Ratio

% of assets

1.9%

Survival Ratio

Months of reserves

0.6 months

Income Profile

Donations & Legacies

% of income

17.3%

Government Reliance

% of income

17.2%

Largest Source

Primary income

Charitable Activities

Diversification

HHI: 3761

Moderately Concentrated

Trends

Income Growth (1yr)

Year over Year

13.0%↑

Income CAGR (3yr)

Compound growth

2.1%

Volatility

Moderate Volatility

25.1%

Reserves Trend

Direction

Depleting

Governance

Employees

Staff count

Volunteers

Volunteer count

235

Volunteer Ratio

Per staff member

6.9:1

Revenue/Employee

Per head

£52,139

Trustee Benefits

Payments to trustees

Yes

High Earners

Earning over £60k

2.9%

Source: Charity Commission annual returns. Figures may differ from published accounts. Always verify with official charity filings for due diligence.

Charts

Income vs Expenditure

Income Sources

Assets vs Liabilities

5 Year Trend

Workforce Scale

Employees & Volunteers

Frequently Asked Questions

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