Planned Parenthood has released its new annual report and the figures show the abortion business continues to make money despite its status as a nonprofit organization — and it receives almost half of its income from taxpayer dollars.
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 abortion business reports $513 million in current assets and $570 million in property, equipment and an endowment while showing $184 million in liabilities for buildings and other debts.
The new report also reveals 46 percent of the total PPFA budget comes from taxpayer dollars in the form of government funding. At the same time, 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.”