Abortion Provider Received Nearly $500M from Gov't

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Planned Parenthood received nearly a half-billion dollars from the U.S. government in its most recent fiscal year, according to the group's latest annual report.

The report for the period covering July 1, 2009 to June 30, 2010 shows the nation's largest abortion provider received $487.4 million in tax dollars -- up from $363 million the previous year.

The report also says the group performed 329,455 abortions, about the same number as in the previous year.

The group reports it has net assets of slightly more than $1 billion.

CNS News reports that Marjorie Dannenfelser, president of the pro-life group the Susan B. Anthony List, called Planned Parenthood an "abortion giant."

"With over a billion in net assets and a business model centered on abortion and government subsidies, it is time for Planned Parenthood to end its reliance on taxpayer dollars," Dannenfelser said in a statement.

"Despite an unprecedented effort by statewide and federal leaders to defund them, a wave of former employees willing to testify against them, and uniform agreement amongst Republican presidential candidates that they should be defunded, Planned Parenthood continues full-steam ahead," Dannenfelser charged.

"They are unwilling to answer to the pro-life American majority that wants out of this business," she added.

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