While the institute was primarily sustained by annual subscribers, reflecting Victorian class distinctions, its membership fees varied based on individuals' financial capabilities.
[3] Additionally, the institute hosted a diverse array of lectures as part of its Autumn and Winter annual program, delivered by both LMI members and visiting speakers.
At the heart of this structure, crafted in the French Second Empire style, stood a lecture hall capable of seating 1,500 individuals, its balcony supported by cast iron columns.
Surrounding this focal point, on two levels, were facilities including a library, reading room, classrooms, laboratory, art studio, and a dining area.
Over time, the Institute evolved into Leeds College of Art in 1903, with subsequent modifications to its interior throughout the 20th century, notably converting the lecture hall into a theatre.
Recognized with a Grade II* listing, the building presently serves as the city's museum, with the central circular lecture theatre repurposed into exhibition space.