WASHINGTON, June 8, 2007 (LifeSiteNews.com) – On June 6 Planned Parenthood (PP) released its official 2005-2006 annual report. The report details the activities and financial situation of the organization at length.

During the year of 2005-06, besides reporting that 264,943 children were killed by medical and surgical abortions performed by its clinics, it also reported a record income, including a record amount of taxpayer funding. Planned Parenthood’s total income for the year was $902.8 million, with a $55.8 million profit.

However, according to the 2005-06 report, both income from the foundation’s clinics, as well as donations from corporations are down from the previous year. Clinic income, estimates Sedlak, was down about $1.5 million from the previous year, whereas donations were down $3.6 million.

And yet, points out Sedlak, Planned Parenthood still reported a record level profit.

“The final category of Planned Parenthood revenue sources is you and me – the American taxpayer,” Sedlak continues. “I am sorry to report to you that Planned Parenthood reported receiving taxpayer funds totaling $305.3 million – a whopping $32.6 million (12 percent) more than last year. This means that 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 … Something is wrong here.”

More… (source)

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