January 9, 2012 (LifeSiteNews.com) - Planned Parenthood’s recently released 2009-2010 report shows that the organization’s abortion business is booming, with the help of government subsidies even more massive than have previously been revealed.

While the annual report attempted to present the 329,455 abortions it committed last year as only a small aspect of its business, an analysis from Stop Planned Parenthood (STOPP) shows that the numbers may tell a different story about the abortion-centered nature of Planned Parenthood’s business model.

Based on a survey of average charges for abortions at Planned Parenthood locations each year, STOPP is estimating that abortions accounted for more than half of the income brought in by the organization’s “health centers” this past year.

Planned Parenthood’s report also showed that the dual trends of declining adoption referrals and disparity between adoption referrals and abortions continued in 2010. Since 2007, when the ratio of adoption referrals to abortions was a staggering 1 to 62, the adoption referral rate has declined dramatically, and the disparity between abortions and adoptions has become even greater. The 2008 ratio was 1 adoption for every 134 abortions, and the 2009 ratio was 1 to 340.

This year’s figures reveal that there were 841 adoption referrals in 2010, down from the previous year when the total number was 977. While the number of abortions also decreased slightly from the previous year’s 331,796, the 2010 ratio was 1 adoption referral for every 391 abortions.

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Overall, Planned Parenthood reported over $1 billion in total net assets, which is a new record high, according to the Susan B. Anthony List.

The report also revealed that nearly half of this money had come from the government. Planned Parenthood received $487.4 million in government money in 2010, a huge jump from the $363.2 million reported last year. At the same time, contributions to the organization from private sources dropped from $308.2 million the year before to $223.8 million, a fact that pro-life groups have pointed to as apparent evidence of declining support for the abortion giant.

According to a footnote in the report, the new figure of government funding includes payments made by patients on Medicaid-managed care plans, money that in previous reports had been buried under the category of “health center income.” The only taxpayer subsidized income reported last year was money that came directly from the government in the form of grants and contracts.

This year’s re-structured report lumps all government money under the category of “government health services grants and reimbursements,” revealing a more complete picture of how much taxpayer money the organization is actually pocketing.