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Not a joke: The billion-dollar Planned Parenthood empire

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By Michelle Malkin  •  April 1, 2008 12:40 PM

Planned Parenthood’s annual budget has surpassed $1 billion. Why the hell do they need our tax dollars? From the American Life League:

“It is absolutely incredible,” said Jim Sedlak, vice president of American Life League, “but the annual report just released by Planned Parenthood Federation of America shows that $114 million of the government funds received by Planned Parenthood were not needed and only increased the abortion giant’s assets.”

Sedlak was referring to the 2006 — 2007 PPFA annual report released late last week. The report shows that PPFA had a total income of $1.02 billion. Of that total, $258.7 million came from donations; $366.9 million came from fees charged customers at its clinics; and a whopping $336.7 million came from the American taxpayer.

The report also showed that PPFA recorded a profit of $114.8 million and increased its total assets to $1.12 billion.

“Taxpayer money represents 33 percent of Planned Parenthood’s income,” continued Sedlak, “yet it is clear that it does not need all this money. In these days of financial hardship all across the country, why are American taxpayers being forced to fund a billion dollar corporation that clearly does not need the money?”

Sedlak called for the immediate cessation of all taxpayer funding of Planned Parenthood and asked all concerned citizens to go to www.StopPlannedParenthoodTaxFunding.com and sign the petition demanding the halt of Planned Parenthood’s pillaging of our taxpayer monies.

Here’s the petition to end taxpayer funding of Planned Parenthood.

Life News adds:

On its web site posting of the annual document, Planned Parenthood says it “highlights our advancements in providing and protecting trusted health care services and medically accurate sexuality education.”

Instead, the report finds Planned Parenthood doing more abortions than ever before.

The report shows an increase in the number of provided abortions from 264,943 in 2005 to 289,650 in 2006.

Planned Parenthood reveals it has doubled “excess of revenue over expenses” funds from $55.7 million in 2005 to $112 million in 2006.

Of concern to pro-life groups, Planned Parenthood acknowledges the receipt of over $336 million in government grants and contracts from both state and federal governments. However, the abortion business provides no breakdown showing how much Planned Parenthood received from the federal government or specifics states.

The revelations from the annual report upset Tony Perkins, the head of the Family Research Council.

“A majority of Americans oppose taxpayer funding of abortion — however, still Planned Parenthood receives more than $300 million in taxpayer funding each year for ‘family planning’ projects that help bolster their abortion trade,” he told LifeNews.com.

He said Planned Parenthood was not a “wise investment” of public money because of its history.

“Would you invest in a company whose affiliates are complicit in sexual crimes against children?” he asked, pointing to numerous instances of its centers doing abortions on victims of statutory rape and sexual abuse.

“Would you take your hard-earned money and pile it into a company whose fundraisers “get excited” when someone wishes to target African-American babies for extinction?” he asked.

The comment refers to a recent investigative report from students at UCLA who found Planned Parenthood officials excited about receiving donations from a racist donor.

Perkins said the ultimate slap in the face to the majority of Americans who are pro-life is the fact that Planned Parenthood still receives government funds despite the fact its political action committee will spend $10 million in this year’s election on pro-abortion candidates.

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