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:
Experts in nonprofit management said it’s fiscally responsible to end the year with a surplus, and Planned Parenthood’s numbers are within a reasonable range. “There is no excess,” Cecile Richards, the organization’s president said. “Any money we have, we put back into services.”
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