Planned Parenthood Brings in 900M Dollars Thanks to Abortion
Business
Washington, DC (LifeNews.com) -- In their public relations
campaigns and efforts to appear more moderate, Planned parenthood
claims that they are much more than an abortion business.
However, Planned Parenthood's latest annual report reveals it
made $902.8 million dollars from 2005-2006 and did 264,943
abortions. The pro-abortion group released its latest annual
report on Wednesday and the money it made in the last fiscal year
is a new record and a 2.4 percent increase from the year before.
Planned Parenthood reported total revenue increases of 10.7
percent, 5.7 percent and 8.9 percent in its previous three years
and the non-profit group's moneymaking efforts don't appear to be
stopping anytime soon.
Jim Sedlak, who heads a Planned Parenthood watchdog group, says
Planned Parenthood again took in more money than it needed to
operate. 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," Sedlak
said. "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 estimates that about $112.6 million, or 32.5 percent of
the income its facilities generate, comes from doing abortions.
