Who Profits at the Nonprofits? Planned Parenthood, a Business?
June 29th, 2008 | by BGuzzardi |
“Who profits at the nonprofits?” is a question I have asked about hospitals. Planned Parenthood has revenues of a billion dollars a year. And has, and may still, receive public taxpayer money from the Commonwealth of Pennsylvania. Previously, Planned Parenthood presented itself as providing services to poor; it appears to have profited from helping the poor. This sounds like a business rather than charitable nonprofit entitled to tax deductible contributions and other tax exemptions.
Key Sentences in Extending the Brand Planned Parenthood Hits Suburbia
Two elegant new health centers have been built, and at least five more are on the way; the largest, in Houston, will be 75,000 square feet. They feature touches such as muted lighting, hardwood floors and airy waiting rooms in colors selected by marketing experts — as well as walls designed to withstand a car’s impact should an antiabortion protest turn violent.
Antiabortion groups point out that Planned Parenthood, the nation’s largest abortion provider, reported a record $1 billion in annual revenue in its most recent financial report — about a third of that coming from federal and state grants to care for low-income women. The nonprofit ended the year with a surplus of $115 million, or about 11% of its revenue, and net assets of $952 million.