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Planned Parenthood Report: $1B Group Gets 46% From Tax Money

by Steven Ertelt | Washington, DC | LifeNews.com | 12/30/11 12:17 PM

National

Planned Parenthood has released its new annual report and the figures show the abortion business continues to make money despite its status as a nonprofit organization — and it receives almost half of its income from taxpayer dollars.

On December 27, the Planned Parenthood Federation of America (PPFA) released its latest Annual Report for 2009-2010. The report indicates PPFA had a total budget of $1.04 billion and  an excess of revenue over expenses of 18.5 million dollars — a net profit.

The abortion business reports $513 million in current assets and $570 million in property, equipment and an endowment while showing $184 million in liabilities for buildings and other debts.

The new report also reveals 46 percent of the total PPFA budget comes from taxpayer dollars in the form of government funding. At the same time, just 21 percent of the income the abortion business brings in comes from private donors (it lists 528,000 active donors) while 31 percent of its revenue is derived from abortions “non-government health services revenue.”

The abortion business also reports spending $56 million in lobbying expenses — more than dwarfing the collective total size of some of the largest pro-life organizations that work in Washington, D.C. to lobby Congress on behalf of pro-life Americans.

In its previous annual report, covering 2009, planned Parenthood did 332,278 surgical abortions or abortions using the dangerous RU 486 abortion drug and its clinics across the nation brought in $404.9 million in revenues. Abortions dropped to 329,445 in this latest annual report and clinic income dropped to $320 million.

Using an estimate from the pro-abortion Guttmacher Institute, a former Planned Parenthood research arm that still receives funding from the abortion business for its abortion statistics and research, the average cost of an abortion is $468. Multiplying the number of abortions times the average cost and factoring that against the total income Planned Parenthood’s clinics derived, approximately $154 million of its $320 million in clinic (or 48 percent) income is derived from abortions.

Live Action spokesman David Schmidt examined those figures in the previous annual report and determined that 38.4 percent of its clinic income is derived from abortions previously.

“Planned Parenthood likes to talk about how only 3% of their services are abortion,” he writes at the Live Action blog. “A simple example of how they come to this calculation would be Planned Parenthood aborting 3 children and giving out 97 condoms. They would say that out of 100 services, 3 or 3% were abortion when in reality the significance and cost of the 3 abortions is much higher than 3% of their efforts.”

“This is a far cry from the 3% number that they try to dupe the public with,” he says. “Doesn’t it say something that even Planned Parenthood, the leading abortion chain in America, tries to downplay their role in ending the lives of unborn children? Someone feeling a little guilty?”