Planned Parenthood’s profits

The latest annual report is in.

…Planned Parenthood’s latest annual report reveals it made $902.8 million dollars from 2005-2006 and did 264,943 abortions.

That’s a record high profit.

Jim Sedlak, who heads a Planned Parenthood watchdog group, says Planned Parenthood again took in more money than it needed to operate. It reported “excess of revenue of expenses” of $55.8 million for the fiscal year.

“This marks the 34th year in a row that Planned Parenthood has reported “excess revenue” — otherwise known as profit,” Sedlak said. “Over the years, Planned Parenthood has reported total profits of over $700 million. It has amassed a treasure chest of assets worth $839.8 million.”

We’re all paying for it, in more ways than one.

The annual report showed that Planned Parenthood reported receiving taxpayer funds totaling $305.3 million — a whopping $32.6 million (12 percent) more than last year. As a result, taxpayer money now accounts for 34 percent of Planned Parenthood’s income.

‘The bottom line is that Planned Parenthood is losing donations, its clinic income is down and you and I are being forced to pay more so the organization can kill our children through abortion and spread its perverted ideology throughout the land…

“It is time to put a stop to this. It is clear that the politicians, left alone, are not going to cut off the money. It will take action from average American citizens — you and me — who are fed up with funding this outrageous organization,” Sedlak concluded.

It’s election season, abortion is finally a huge topic, and things are going to get a lot hotter.