by Steven Ertelt
October 18, 2006
Washington, DC (LifeNews.com) — The nation’s largest abortion business marked its 90th anniversary on Monday but the last set of nation numbers it released in its annual report shows it is making more money from abortions than ever before. The report shows the organization refers fewer women for adoptions than it has in recent years.
Jim Sedlak, the president of STOPP International, a Planned Parenthood watchdog group, said he doesn’t know why anyone would want to celebrate the anniversary of a group that makes its money killing babies and harming women.
"Over the past 90 years, Planned Parenthood has managed to kill millions of pre-born children through abortion," he said in a statement. "This begs the question of why anyone would ever ‘celebrate’ this organization’s existence."
The organization began in 1916 and has been criticized over the years for racist and eugenic comments by its founder, Margaret Sanger.
Ultimately it has grown into the largest abortion business through the hundreds of local affiliates it has across the nation. Planned Parenthood has relied on selling contraception providing a limited number of noncontroversial women’s health services like pap smears and breast exams, to try to maintain a positive image.
"Despite how they attempt to spin their image, Planned Parenthood hardly represents the status quo in America," said Sedlak.
"This is an organization that, over the years, has bragged about the murder of babies with the offensive ‘I had an abortion’ T-shirt, mocked Christians with blasphemous ‘Choice on Earth’ holiday cards and targeted young people with an offensive line of condom-holder key chains," Sedlak added.
Sedlak said pro-life Americans should be upset because the organization does this at taxpayer expense — noting that it is "using millions of dollars from American taxpayers to underwrite its aggressive promotion of abortion and sexual immorality."
In its June annual report, Planned Parenthood, a supposedly nonprofit organization, brought in $882 million in FY 2004-2005 a whopping increase of 8.9 percent over the previous reporting period. The abortion business made $63 million in profit last year.
New information shows Planned Parenthood, as of June 2005, had net assets valued at $784.1 million, of which $302.1 million is unrestricted. PPFA has another $107.6 million that is temporarily restricted.
Despite sitting on a huge nest egg of hundreds of millions, the abortion business is still working overtime to get state and federal tax dollars. Nearly one-third of its income ($272.7 million) comes from American taxpayers.
The annual report shows Planned Parenthood did 255,015 abortions in 2004 alone (up 4.3% from 2003), generating an estimated $95 million. A scant 1,414 customers were referred to adoption agencies; down more than 20% from 2003.
The figures show Planned Parenthood continues to be the largest abortion business in the United States. In 1984, it did about 5.5 percent of all abortions nationwide, but the figure has increased to nearly 20 percent as of 2004.