Saturday, June 09, 2007

Planned Parenthood Receives $305 Million in Taxpayer Funds

From "U.S. Planned Parenthood Reports Record Profit, Record Amount of Taxpayer Funding" by Steve Jalsevec, posted 7/8/07 at

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.”

Read the rest of this article.