President Barack Obama and Planned Parenthood President Cecile Richards. (AP)

(CNSNews.com) – Planned Parenthood Federation of America's latest annual report for 2011-2012 says that its affiliated clinics performed 333,964 abortions in fiscal 2011.

That works out to an average of one abortion every 94 seconds.

The 333,964 abortion Planned Parenthood did in fiscal 2011 is an increase of 4,519 from the 329,445 abortions it did in 2010, according to a fact sheet that Planned Parenthood published last year.

Over two years, Planned Parenthood says, it has aborted 663,409.

The 2011-2012 report states that Planned Parenthood received $542.4 million in “government health services grants and reimbursements,” which it states includes “payments from Medicaid managed care plans.”

The report also shows that Planned Parenthood’s total assets top $1 billion dollars, specifically $1,244.7 billion.

“We are so proud of the year’s many successes, and deeply grateful for all the partners, sponsors, volunteers, staff and friends who helped make them possible,” states the report's introductory letter, signed by PPFA president Cecile Richards and Cecelia Boone, chairwoman of the organization.