The announcement came despite an offer for funding assistance from Lewisham council.
Max Media Arts, a nonprofit organisation, said that after ten years of running the event, it can not continue without sustained funding from the charitable sector.
Moira Tait, founder and director of Max Media Arts, said: “The Brockley Max organising team is exhausted after so many years of running an increasingly popular and complex festival. Given its size, the festival is no longer sustainable without proper financial support.”
A statement on the event’s website added: ‘’We’d like to thank everyone over the years who has volunteered, performed, organised events, sponsored, funded and attended the festival.
“Let’s hope it will be able to come back in 2014.”
Last year saw more than 4,000 in attendance and hundreds of music, comedy and theatrical performances in a 9-day span across Lewisham.
Enthusiastic local reactions are displayed on Pleasefundus, a crowd funding site:
“What a fantastic afternoon…The atmosphere was amazing and epitomised everything special about living in Brockley!”
A spokesman for Lewisham Council said: “The Council provides a support programme for festivals to improve sustainability, which includes workshops on fundraising and volunteering and one-to-one sessions with a festivals specialist.
“The Council funded last year’s Brockley Max festival and they are welcome to apply again in this year’s round of funding.”