Fri Jun 8, 2007 - 12:15 pm EST
U.S. Planned Parenthood Reports Record Profit, Record Amount of Taxpayer Funding
By John Jalsevac
WASHINGTON, June 8, 2007 (LifeSiteNews.com) – 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.”
However, according to the 2005-06 report, both income from the foundation’s clinics, as well as donations from corporations are down from the previous year. Clinic income, estimates Sedlak, was down about $1.5 million from the previous year, whereas donations were down $3.6 million.
And yet, points out Sedlak, Planned Parenthood still reported a record level profit.
“The final category of Planned Parenthood revenue sources is you and me — the American taxpayer,” Sedlak continues. “I am sorry to report to you that Planned Parenthood reported receiving taxpayer funds totaling $305.3 million — a whopping $32.6 million (12 percent) more than last year. This means that taxpayer money now accounts for 34 percent of Planned Parenthood’s income.”
“The bottom line is that Planned Parenthood is losing donations, its clinic income is down and you and I are being forced to pay more so the organization can kill our children through abortion and spread its perverted ideology throughout the land…Something is wrong here.”
Planned Parenthood, however, is not satisfied with the $305.3 million in taxpayer money that it received during the 2005-06 year, but is currently seeking more government/taxpayer funding.
“As I write this, Planned Parenthood in California is fighting for increased Medi-Cal reimbursement rates so it can get more taxpayer money for every customer it sees. Never mind that its nine affiliates in California have received over $270 million in taxpayer money since 1998 and have total profits of over $83 million during that time.”
“This year’s annual report makes it clear. Average citizens are spending less and less at Planned Parenthood clinics. Wealthy citizens are not giving Planned Parenthood as much in donations as they have in the past. Only our government officials are giving more to Planned Parenthood and they are giving it our money.”
He concludes his analysis of the annual report by exhorting citizens to complain to their elected officials in order to stop taxpayer funding for Planned Parenthood, saying, “It is time we all said NO to Planned Parenthood.”
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