Remember when I reported on the record high profits that Planned Parenthood, a non-profit organization, received last year?

Business at Planned Parenthood is going very well. The Planned Parenthood Federation of America (PPFA) just released their annual report for the 2005 - 2006 fiscal year. The nonprofit organization performed a record 264,943 abortions, attained a high profit of $55.8 million, and received record taxpayer funding of $305.3 million.

$55.8 million profit? Baby-killing is a pretty lucrative business, I guess.

Well, their report for the 2006 - 2007 fiscal year is even better. They made over $1 billion in profits.

A new annual report from Planned Parenthood shows the nation's largest abortion business has made over $1 billion in income for the first time in its history. The non-profit pro-abortion group shows the historical gain in its new annual report covering 2006-2007.

While Planned Parenthood made $972 milion in its 2005-2006 annual report, last fiscal year it brought in $1.017 billion.

On its web site posting of the annual document, Planned Parenthood says it "highlights our advancements in providing and protecting trusted health care services and medically accurate sexuality education."

Instead, the report finds Planned Parenthood doing more abortions than ever before.

The report shows an increase in the number of provided abortions from 264,943 in 2005 to 289,650 in 2006.

Planned Parenthood reveals it has doubled “excess of revenue over expenses” funds from $55.7 million in 2005 to $112 million in 2006.

Of concern to pro-life groups, Planned Parenthood acknowledges the receipt of over $336 million in government grants and contracts from both state and federal governments. However, the abortion business provides no breakdown showing how much Planned Parenthood received from the federal government or specifics states.

Maybe this is a dumb question. But at what point does the government take away your non-profit status? I'd think reporting over $1 billion in profits would be a pretty big red flag.

Here is what Planned Parenthood is getting so wealthy off of:

For every murdered infant, Planned Parenthood is getting roughly $3,500.

Maybe that's why Planned Parenthood tries to convince so many confused girls that there are no other options, that it isn't a baby (just a blob of flesh!), that their parents don't need to know, to not wait a few days to think it over, and that there won't be any harmful side effects -- baby-killing is an incredibly lucrative business! Remember Lila Rose?

Michelle Malkin even did a Vent on the subject:

Safe, legal, and rare?

Don't kid yourself.

Hat Tip: Moonbattery and Free Republic

You can read more from Cassy at her blog. She also writes at Wizbang.