On June 6 Planned Parenthood (PP) released its official 2005-2006 annual report. The report details the activities and financial situation of the organization at length.
During the year of 2005-06, besides reporting that 264,943 children were killed by medical and surgical abortions performed by its clinics, it also reported a record income, including a record amount of taxpayer funding. Planned Parenthood’s total income for the year was $902.8 million, with a $55.8 million profit.
Jim Sedlak, who is the is executive director of STOPP International, a project of American Life League, as well as vice-president of American Life League, analyzed and commented on the data presented in the 2005-06 report.
“Once again, Planned Parenthood took in much more money than it needed,” writes Sedlak. “It reported ‘excess of revenue of expenses’ of $55.8 million for the fiscal year. This marks the 34th year in a row that Planned Parenthood has reported ‘excess revenue’ — otherwise known as profit. Over the years, Planned Parenthood has reported total profits of over $700 million. It has amassed a treasure chest of assets worth $839.8 million.”
Sedlak points out that Planned Parenthood’s income comes from three sources: “fees charged at its clinics; donations from corporations, foundations and individuals; and taxpayer money received from government grants and contracts.”
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