Planned Parenthood purchases NYC headquarters for $35 million
NEW YORK, January 30, 2012 (LifeSiteNews.com) - After years of renting the property, the Planned Parenthood Federation of America has purchased its headquarters in New York City for $34.8 million.
The nation’s largest abortion provider has rented the commercial condominium where its headquarters are situated since 2002, and had reportedly originally signed for a 20-year lease for 104,000 square feet of the property at around $35 per square foot, according to The Real Deal, a local real estate news source.
Although legally a nonprofit organization, Planned Parenthood reported over $1 billion in net assets in 2009-10 according to its latest annual report. A Planned Parenthood watchdog guessed that revenue from abortions, 329,455 of which were committed in the same year, accounted for more than half the income listed as coming from “health centers.”
A recent Planned Parenthood CEO Report based on IRS tax filings, released by American Life League’s STOPP International, shows that many CEOs and top executives of Planned Parenthood are paid annual incomes of more than $250,000, putting them into the top 1.5% of income earners.
The report shows that the average salary of a CEO at a Planned Parenthood affiliate is $158,275. This falls in the top six percent of all household incomes in the United States. Thirty of the top executives receive salaries in excess of $200,000 (the top 2.67 percent of household income), while 18 of the executives rank in the top 1.5 percent with annual incomes in excess of $250,000.
Planned Parenthood President Cecile Richards makes nearly $400,000 per year.
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