On June 6, Planned Parenthood posted its 2005-06 annual report, complete with smiling babies and children it missed killing on the cover.
This morning, Jim Sedlak, VP of American Life League and an authority on PP, issued this analysis:
... [W]e find that 264,943 died by medical or surgical abortion in Planned Parenthood's facilities during 2005. That's 5,095 a week - as many each week as the highest estimates of allied forces deaths on D-Day....PP reported a total income of $902.8 million dollars. That is a record number for the organization, but is a modest 2.4% increase from the year before. In contrast, PP reported total revenue increases of 10.7%, 5.7% and 8.9% in its previous three years....
PP... reported "excess of revenue of expenses" of $55.8 million for the fiscal year. This marks the 34th year in a row that PP has reported "excess revenue" - otherwise known as profit. Over the years, PP has reported total profits of over $700 million. It has amassed a treasure chest of assets worth $839.8 million.
A review of PP's reports through the years shows that its revenue comes from three main sources: fees charged at its clinics; donations from corporations, foundations and individuals; and taxpayer money received from government grants and contracts. A brief look at each of these in the latest reports reveals some interesting information. [PP's reported balance from page 17 of report on right; click to enlarge.]PP's clinic income comes from fees charged to its customers. It reported a total clinic income for 2005-2006 of $345.1 million dollars. The significant thing about this year's clinic income is that it was $1.5 million less than last year. We estimate that $112.6 million ( 32.5%) comes from abortion.
We have checked our files of PP annual reports back to the 1950s, and cannot find another year in which clinic income went down. We understand that a fall of $1.5 million out of $345 million is not earthshaking. We also understand that a one-year dip may be an anomaly and not a trend. But it was a decline - the first clinic income decline in the last 50 years. It couldn't have made PP very happy.
PP's donations were reported to be $212.2 million. That figure is $3.6 million less than last year. Donations have a habit of going up and down and there is not much significance to the number other than the fact that it did go down - albeit just 1.7%.
The final category of PP revenue sources is you and me - the American taxpayer. I am sorry to report to you that PP reported receiving taxpayer funds totaling $305.3 million - a whopping $32.6 million (12%) more than last year. This means that taxpayer money now accounts for 34% of PP's income.
The bottom line is that PP 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. It is really incredible when you realize that PP put every penny of the increased taxpayer money into the bank. It got $32 million extra and then reported a $55 million profit....
This year's annual report makes it clear. Average citizens are spending less and less at PP clinics. Wealthy citizens are not giving PP as much in donations as they have in the past. Only our government officials are giving more to PP and they are giving it our money....
Sign a petition against taxpayer funding of PP... at www.StopPlannedParenthoodTaxFunding.com.
Go to www.jillstanek.com to view a listing of celebrities who support PP from page 13 of the report (at bottom of post).
[Hat tip: Phil E.]
Talk Back - leave a comment