By Jim Sedlak
Over the March for Life weekend, Planned Parenthood Federation of America released its 2017-2018 Annual Report. The report contained a great deal of information on the organization’s finances and its services. In this first part of our discussion, we will look at the finances. We will discuss the services in Part 2 (coming next month).
Planned Parenthood’s reporting of its finances is done for its fiscal year. The fiscal year for this annual report ran from July 1, 2017, to June 30, 2018. For ease of reference, we will refer to this as Planned Parenthood’s 2018 Annual Report.
Below are the basic income and profit numbers from the 2018 Annual Report.
Income:
Government ………………………….…….. $563.8 million
Donations ………………………….……….. $630.8 million
Non-government clinic income …………… $365.7 million
Other …………………………………..……. $104.8 million
Total Income ……………………..…..……. $1,665.1 million
Profits ………………………………………. $244.8 million
The report shows that the organization had a record income of nearly $1.67 billion. This is a $205.5 million increase over its previous year. The income increases were in all phases of its operation.
The record taxpayer income of $563.8 million was the highest in its history. This number is a total of both federal and state monies. We know that the federal government has failed to defund Planned Parenthood. In addition, there are states, such as California, that deliberately increased their funding of Planned Parenthood because of the threat of a reduction in federal money. As a result, Planned Parenthood actually saw an increase of $20 million from government sources. It now gets $1.54 million a day from the American taxpayer.
The scare tactics used by Planned Parenthood also had a significant impact among its gullible supporters. Despite the fact that its services to women decreased in many areas, Planned Parenthood was able to get $98.1 million additional donations from corporations, foundations, and individuals. The total of $630.8 million was a record high. Planned Parenthood says, by the way, that these funds came from a total of over 1.5 million donors.
The most interesting of the increases was the rise of “non-government clinic income.” These are the fees charged to PP customers who either are not covered by government programs or whose services are not completely covered by the taxpayer. The fees are paid by the individuals or by insurance companies. Planned Parenthood reported an increase of $47.7 million (a 15 percent increase). Although the $365.7 million total is not a record, it is the third highest single-year income in this category in the organization’s history.
So, what did Planned Parenthood do with all this money? Well, it turns out it put $244.8 million in the bank! Planned Parenthood reports that it has over a billion dollars ($1.04 billion) in “current assets” and another $1.2 billion in “property, equipment, endowment, other.”
You might wonder why, if it received $563.8 million in our (taxpayer) money and it didn’t need $244.8 million, it didn’t just return the funds, especially since it has “excess income” every year with over a billion dollars in the bank. We wonder that, too.
Planned Parenthood had a good financial year, according to its 2018 Annual Report. Unfortunately, 332,757 of the living human beings who went into its facilities never came out—or, rather, came out dead. We will discuss this next month in Part 2.
Jim Sedlak is executive director of American Life League, founder of STOPP International, and host of a weekly talk program on the Radio Maria Network. He has been successfully fighting Planned Parenthood since 1985.