Janeway Children's Hospital Foundation is a 2-star charity. It has a C- Results Reporting grade, which is below average. The charity's reserves can fund its program costs for over four years. For every dollar donated to Janeway Children's Hospital Foundation, 62 cents are available to go to the cause, which is outside Ci's reasonable range.

Founded in 1985, Janeway Children’s Hospital Foundation (Janeway Foundation) raises funds to support Janeway Children’s Health & Rehabilitation Centre (Janeway). As part of the Eastern Regional Health Authority, Janeway is Newfoundland and Labrador’s only pediatric hospital. It also serves as a teaching hospital that works with Memorial University of Newfoundland. Each year, the hospital receives around 120,000 patient visits and admissions.

Janeway Children’s Hospital Foundation provides grants in four main areas. These include capital equipment, research, program support, and education. Janeway Foundation spent $2.5m on grants in F2023. 

Capital equipment represented 78% ($1.9m) of grants in F2023. Janeway Foundation helps to fund new equipment purchases for specialized surgeries and neonatal care. During F2023, the charity raised funds to buy a new CT scanner, Pyxis machine, and specialized ventilators to help babies breathe. The charity also purchased a portable X-ray machine and a pulmonary function machine.

Research represented 9% ($214k) of grants in F2023. Janeway Foundation reports that it’s funding a research study focused on sleep intervention for children living in alternative care. The charity does not report the number of researchers or research projects funded.

Pediatric Initiatives represented 7% ($162k) of grants in F2023. Janeway Foundation reports the hospital received 29,457 outpatient visits, 32,822 emergency department visits, 11,697 rehabilitation visits, and 2,948 cardiology visits. The charity also reported the hospital performed 2,987 surgeries and delivered 2,113 babies.

Education and Program Support represented 6% ($155k) of grants in F2023. Janeway Foundation reports it attended meetings at the National Neonatal Resuscitation Program and the National Acute Care of at-Risk Newborns.

Janeway Foundation reports it has $10.9 million in commitments to Janeway. Once funding is committed for a project, it cannot be used for anything other than that specific project. Janeway Foundation committed $3.0m for a new CT scanner, $2.0 million for upgrades to the Pediatric Oncology Program, $1.2 million for the Pyxis Medication and Supply project, $1.0 million for Central Fetal Monitoring, $450,000 for a comfort care/palliative care suite, $400,000 for an Infant Nutrition project, and $340,000 for an Airborne Transport Incubator System.

Janeway Foundation changed its auditor in F2023 from Power and Associates to Noseworthy Chapman. This is the third auditor change in the past nine years.

Janeway Children’s Hospital Foundation received $3.4m in donations and special events revenue in F2023. The charity spent $2.5m on its grants in F2023, which is 81% of its revenue.

Administrative costs are 5% of revenue (excluding investment income), and fundraising costs are 33% of donations. Total overhead spending is 38%. For every dollar donated to the charity, 62 cents are available to go to the cause, which is outside Ci’s reasonable range. Janeway Foundation recorded a deficit of $748k in F2023, meaning the charity drew on its reserves to fund its operations.

Janeway Foundation has $11.4m in reserve funds (cash and investments), of which $146k is donor endowed. Excluding donor-endowed funds, the charity’s reserves can cover 461%, or four years and eight months of its annual grant costs.

Janeway Foundation’s $10.6m in investments returned a loss of $528k, at a return of -5%. The charity’s investments have returned an average of 5% over the past 11 years. 72% of Janeway Foundation’s investments are in bonds. 

In F2023, Janeway Foundation ran a 50/50 lottery that earned $385k in revenue and returned $96k after expense, or 25% of funds towards the cause.

Charity Intelligence has sent this update to Janeway Children’s Hospital Foundation for review. Changes and edits may be forthcoming.

Updated on June 7, 2024 by Liam Chapleau.