As LifeNews.com previously reported, Planned Parenthood, a supposedly nonprofit organization, brought in $882 million in FY 2004-2005 a whopping increase of 8.9 percent over the previous reporting period. The abortion business made $63 million in profit last year.
New information shows Planned Parenthood, as of June 2005, had net assets valued at $784.1 million, of which $302.1 million is unrestricted. PPFA has another $107.6 million that is temporarily restricted.
The annual report shows Planned Parenthood did 255,015 abortions in 2004 alone (up 4.3% from 2003), generating an estimated $95 million. A scant 1,414 customers were referred to adoption agencies; down more than 20% from 2003.
The figures show Planned Parenthood continues to be the largest abortion business in the United States. In 1984, it did about 5.5 percent of all abortions nationwide, but the figure has increased to nearly 20 percent as of 2004.
Meanwhile, Planned Parenthood says it has sold 983,537 “emergency” birth control kits in 2004 (nearly 21.3% more than in 2003). The kits contain the morning after pill drug, also known as Plan B, which can sometimes cause an abortion.
Let us continue to pray that abortion is made illegal in the United States. When this happens, so many more innocent lives will be spared. I am sure of this. Please, if you have not already, sign the petition against public, tax funding of Planned Parenthood.