On December 15, 2023, the Charlotte Lozier Institute, Care Net, Heartbeat International, and NIFLA (CLI et al) released their most recent estimates for the value of goods and services provided by the “crisis pregnancy center” (CPC) industry in FY 2022. This memo builds upon past similar reports for FY 2017 and FY 2019. Legislators advancing public funding to the CPC industry and advocates enabling regressive reproductive health policy have often cited CLI et al’s analysis of the estimated value of goods and services provided by CPCs, but these data fail to fully account for the tremendous expenditures reported by known CPCs in their annual 990 reports.