More abortions, more profits for Planned Parenthood says latest annual report
Planned Parenthood Federation of America recently released their 2013‑2014 annual report. The report covers information about services provided by Planned Parenthood affiliates from October 1, 2012 through September 30, 2013 and financial information for the fiscal year ending June 30, 2014.
During the year covered, Planned Parenthood affiliates committed 327,653 abortions while doing only 1,880 adoption referrals. That’s 174 abortions for every one adoption referral. Planned Parenthood now provides around 1/3 of all abortions in the United States. Over the last decade and a half Planned Parenthood has gradually increased their market share of abortion. In 1997, they provided 165,174 abortions in a year when more abortions were taking place across America. In the last 15 years, that number of abortions provided by Planned Parenthood has nearly doubled while the number of abortion performed throughout the United States has gradually decreased.
While Planned Parenthood often claims abortion is only a small part of what they do, it’s clear that with the number of abortions they provide, abortion isn’t a small part of their revenue stream. Committing 327,653 abortions a year means Planned Parenthood is receiving more than $160 million a year from abortion using a conservative estimate of $500 per abortion.
The financial information they provided shows Planned Parenthood received $528.4 million dollars in government funding for the year. Their total revenue for the year was $1.3 billion dollars. They made $127.1 million in revenue over expenses and now have net assets of $1.4 billion dollars.
By comparison, there are some countries which don’t have an annual gross domestic product of $1.3 billion dollars. Gross domestic product (GDP) is total value of goods and services produced within a country over a period of time. According to the World Bank, vacation destinations like Antigua and Barbuda, the Solomon Islands and Grenada (along with 16 other countries) all had lower GDPs in 2013 than Planned Parenthood’s annual revenue.
Planned Parenthood’s abortion advocacy knows no bounds which is one reason that at the start of the new Congressional session, prolife lawmakers have already introduced legislation to prevent Planned Parenthood and other abortion providers from receiving federal funds. The “Title X Abortion Provider Prohibition Act” would prevent Title X taxpayer funds from going to Planned Parenthood and to help prevent tax dollars from subsidizing the abortion industry.
Learn more about Planned Parenthood’s abortion agenda at www.rtl.org.