Wednesday, April 29, 2009

The Profitable Nonprofit

By David N. Bass

Left-wing activists are indignant at obscene oil company profits, hefty CEO bonuses, and sweet golden parachutes -- but what about expansion of the No. 1 violator of human rights in the United States?

No, it's not Dick Cheney and the CIA. It's Planned Parenthood. The abortion giant took home $85 million in "excess of revenue over expenses" (a nifty way of saying profits) and had an operating budget of over $1 billion for the 2007-2008 fiscal year, according to its latest annual report. Included in that budget was $350 million in "government grants and contracts" (an equally nifty way of saying your tax dollars). An increase in the number of abortions performed helped fuel the profits.

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