Planned Parenthood: Annual Budget $1 BILLION; 2006:, $112 Million Profit, $336 Million in Public Funds, 289,650 Abortions – More Preborn Children Killed.
While most companies have started to feel the squeeze of our sagging economy, business has never been better for Planned Parenthood.
Although the organization couldn’t be more controversial, its profits have never been higher, according to the group’s just-released 2006-07 annual report.
PPFA generated $1.0179 billion in Fiscal Year 2006- 2007, which is an increase of nearly 11 percent over the previous reporting period.
In Fiscal Year 2005- 2006, PPFA’s budget rose just 2.4 percent over the previous Fiscal Year. One year earlier (2004-2005) that figure was 8.4 percent.
PPFA’s massive budget has skyrocketed in part due to a $31.4 million increase in the amount the abortion- committing goliath gets from American taxpayers.
In Fiscal Year 2005-2006, government funding increased by nearly 10.8 percent.
In Fiscal Year 2006-2007, taxpayers gave another 10.3 percent, bringing the one year total to $336.7 million.
The most recent figures show that 33.1 percent of PPFA’s annual revenue comes from taxpayers.
In Fiscal Year 2005- 2006 that figure was 33.8 percent.
Douglas Scott [LDI pres]: “This ‘not-for-profit’ behemoth ends every fiscal year with millions of dollars in ‘excess revenue over expenses’ which is known to regular people as ‘profit.'”
The ‘excess’ for 2004-2005 alone was $63 million.
In 2005-2006 alone, the excess was $55.8 million.
In 2006-2007 alone, this “excess” amount was a staggering $114.8 million.
On June 30, 2007, PPFA had net assets valued at $951.8 million, ($383.1 million unrestricted & $160.0 million temporarily restricted).
“This is essentially a savings account,” Scott explained.
“The money is sitting in a bank and drawing interest that will further advance Planned Parenthood’s deadly agenda. Despite these huge sums, the corporation’s hierarchy incessantly claims to need more and more tax dollars,” Scott said.
PPFA admits to killing 289,650 preborn U.S. human beings in 2006 alone (up ~9.4%, 24,707 lives -“6 times the number of casualties from the entire Iraq war”, from 2005), generating an estimated $125 million.
Only 2,410 PP customers were referred to adoption agencies.
PPFA claims to prevent the “need” for abortion while simultaneously working to increase its share of the abortion market.
In 1984, PPFA committed ~ 5.5% of all abortions in the USA.
By 2004 that figure had risen to nearly 20 percent.
PPFA sold 1,436,846 “emergency” birth control kits in 2006 (nearly 18.0 percent more than in 2005).
Note that the abortion drug Plan B is more expensive than most other OCs, and PP has been taking 600% to 900% profit on these sales for decades, getting preferred special pricing, as do some non-profit hospital associations.
The usual retail outlets of anything, including drugs, cannot make a 30% margin.
[PFLI, 29Mar08; http://www.jillstanek.com/archives/2008/03/planned_parenth_33.html#comments]
Every PPFA “clinic” dispenses “emergency” birth control.
Most prescribe it over the phone and accept orders over the Internet, without an exam.
This lack of physician oversight is a very dangerous trend for women’s health.
Scott: “…the number of affiliates and local ‘clinics’ has changed very little over the past several years. What we are seeing is merely a calculated reorganization… I just don’t see how anyone could reasonably conclude that the Pro-Life Movement is winning against Planned Parenthood …we need to acknowledge that we are failing– miserably. But this does not mean a successful strategy does not exist.”
[PPFA 2006-2007 annual report; Life Decisions International (LDI) www.fightpp.org/; 31March08, Christian Newswire, VA; PharmFacts E-news Update, 31Mar08]
“While the public is increasingly skeptical of PP’s operation, it has yet to put a dent in the organization’s bottom line.
“The majority of Americans wouldn’t invest in a company that conspires in sexual crimes against children by ignoring obvious statutory rape/abuse, accepts racially-motivated donations, promotes pornography to kids (its teen website), devotes millions to the election of pro-abortion leaders, and uses unsanitary equipment to treat patients.
“Unfortunately, through Title X and Medicaid, the federal government is forcing taxpayers to do just that.
“On our website, www.frc.org, FRC is circulating a petition to the White House, urging President Bush to approve new Title X guidelines that would ensure no federal money goes to refer women for abortions”
…If “choice” is the mantra du jour, then taxpayers deserve a choice in how their money is spent.
[Is Planned Parenthood a Wise Investment? www.frc.org/; [31Mar08, Family Research Council]
Missing funds is the cause for resignations and cutbacks at FL PP businesses:
Then, massive gov’t funding of the controversial agency comes despite its having been caught red-handed in illegal activity by various sting operations.
Beginning in 2002 with the efforts of the pro-life group Life Dynamics, Planned Parenthood (PP) sites across the USA were caught on tape counseling actors posing as pregnant young girls seeking abortions to conceal the ages of their adult sexual partners since state laws would have required reporting of statutory rape.
Such sting operations have been repeated more recently with more modern surveillance equipment but with similar results.
Last year Lila, then 18 and a sophomore at the UCLA [www.laadvocate.com/], entered a local PP site with a hidden video recorder. Lila posed as a pregnant 15-year-old accompanied by her 23-year-old “boyfriend”.
The video documents a staffer breaking California law, which requires clinics to report sexual abuse, including statutory rape where the victim is under 16 years old.
The staffer told Rose: “If you’re 15, we have to report it … If you’re not, if you’re older than that, then we don’t need to.” Rose says: “Okay, but if I just say I’m not 15, then it’s different?”
The PPLA staffer responds: “You could say 16 … Just figure out a birth date that works. And I don’t know anything.” (see coverage:
Most recently Planned Parenthood was caught on tape accepting the donation of an actor posing as a racist hoping to fund the abortion of an African-American baby. (see:
An affiliate of the International Planned Parenthood Federation (IPPF), PPFA describes itself as the world’s oldest and largest “reproductive health care” business.
The PPFA annual report proudly includes on its last page that the organization was “Founded by [eugenics advocate] Margaret [Higgins] Sanger in 1916 – more than 90 years ago – as America’s first birth control clinic [sic].”
That is the same Margaret Sanger who once stated, “We do not want the word to go out that we want to exterminate the Negro population.”
Annual PP report: http://www.plannedparenthood.org/about-us/annual-report.htm [28Mar08, LifeSiteNews.com]