In the Wall Street Journal, an article on Planned Parenthood’s push for upscale abortion clinics reports that the organization turned a profit of $115 million last year while holding nearly $1 billion in net assets:
During the 2004-2005 fiscal year, Gloria Feldt raked in over $900,000 as the president of Planned Parenthood Federation of America, which received about $270 million in state and federal subsidies. That same year, Feldt earned about $24,000 as the president of Planned Parenthood’s political arm, Planned Parenthood Action Fund. So, taxpayers subsidize Planned Parenthood’s abortion-providing arm, which in turn subsidizes Planned Parenthood’s political operation, which will spend $10 million this year to defeat pro-life candidates like John McCain. I’m sure there are “experts” who think that’s “reasonable” as well.
