Friday, December 30, 2011

PLANNED PARENTHOOD MAKES A PROFIT ON ABORTION

LifeNews -- Steve Ertelt -- 12/30/2011

http://www.lifenews.com/2011/12/30/planned-parenthood-report-1b-group-gets-46-from-tax-money/

Planned Parenthood Report:  $1Billion Group gets 46% from Tax Money

On December 27, the Planned Parenthood Federation of America (PPFA) released its latest Annual Report for 2009-2010. The report indicates PPFA had a total budget of $1.04 billion and  an excess of revenue over expenses of 18.5 million dollars — a net profit.
The new report also reveals 46 percent of the total PPFA budget comes from taxpayer dollars .   . . . just 21 percent of the income the abortion business brings in comes from private donors (it lists 528,000 active donors) while 31 percent of its revenue is derived from abortions “non-government health services revenue.”
The abortion business also reports spending $56 million in lobbying expenses . . .
In its previous annual report, covering 2009, planned Parenthood did 332,278 surgical abortions or abortions using the dangerous RU 486 abortion drug and its clinics across the nation brought in $404.9 million in revenues. Abortions dropped to 329,445 in this latest annual report and clinic income dropped to $320 million.
. . . the average cost of an abortion is $468. Multiplying the number of abortions times the average cost and factoring that against the total income Planned Parenthood’s clinics derived, approximately $154 million of its $320 million in clinic (or 48 percent) income is derived from abortions.
“Planned Parenthood likes to talk about how only 3% of their services are abortion,” he writes at the Live Action blog. “A simple example of how they come to this calculation would be Planned Parenthood aborting 3 children and giving out 97 condoms.

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