Where a private school sponsors an academy – through for example a private foundation – can or does it register?
The charitable status of City Academies depends on their own objects and constitution rather than the nature of the sponsors. There are charitable City Academies that are sponsored by commercial concerns, for example. 9. Is the making of profit in any way a barrier to charitable status? The making of a profit is not in itself a barrier to charitable status. It is well established that charities may charge for their services and facilities. Charges may be set at a level which more than covers the costs of those services if this “profit ” element is applied in furtherance of the charity’s purposes and is justified in the best long term interests of the charity and its beneficiaries. For example a charity may need to set up reserves for the maintenance or refurbishment of property, to service loans raised to acquire property or facilities or generally to develop and improve the quality of its facilities and services in the future. The making of a profit would be a bar to charitable status
