Independent Auditors’ Reports as Required by Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards and Government Auditing Standards and Related Information

The World Resources Institute (WRI) reported total assets of $169,995,735 and total net assets of $148,109,469 as of September 30, 2019. The organization's operating revenues for the 2019 fiscal year totaled $164,614,772, with the majority coming from grants, contributions, and contracts. While the auditors issued an unmodified opinion on the financial statements and compliance for major federal programs, they identified a significant deficiency regarding the timing of recognition for one conditional contribution of $5 million. WRI's programmatic work is organized around seven critical issues, including climate, energy, and forests, and is supported by subsidiaries in India, China, and Europe.

• The independent auditors issued an unmodified opinion, stating that the consolidated financial statements present fairly, in all material respects, the financial position of the World Resources Institute and subsidiaries as of September 30, 2019 and 2018.
• As of September 30, 2019, the Institute's total assets were $169,995,735, compared to $141,669,442 in 2018, with the largest asset being grants, pledges and contracts receivable at $100,188,875.
• Total operating revenues for the year ended September 30, 2019, were $164,614,772, with $158,379,857 derived from grants, contributions, and contracts.
• The Institute's total operating expenses for the 2019 fiscal year were $128,741,191, of which $116,716,447 was spent on policy research, technical support, and communications programs.
• Auditors identified a significant deficiency (Finding 2019-001) where a conditional contribution of $5 million was not accounted for appropriately, leading to an understatement of revenues and receivables in 2019 because approximately $2.975 million was recorded in fiscal 2020.
• The Institute's federal expenditures for the year ended September 30, 2019, totaled $4,501,614, with the largest portion provided by the U.S. Agency for International Development ($2,572,488).
• WRI maintains a donor-restricted endowment of $25 million (cost basis) established on January 1, 1991, with a spending guideline normally set at 4.5% of the trailing 12 quarter average market value.
• The organization's net assets with donor restrictions as of September 30, 2019, totaled $139,409,298, with the largest programmatic allocations to food, forests and water ($32,991,026) and climate ($26,870,920).
• The Institute reported unrealized losses due to foreign currency adjustments totaling $1,751,763 for the year ended September 30, 2019.

APA

World Resources Institute (2019). Independent Auditors’ Reports as Required by Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards and Government Auditing Standards and Related Information. https://wriorg.s3.amazonaws.com/s3fs-public/uploads/wri-fy19-audit-report-a133.pdf

Chicago

World Resources Institute. Independent Auditors’ Reports as Required by Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards and Government Auditing Standards and Related Information. 2019. https://wriorg.s3.amazonaws.com/s3fs-public/uploads/wri-fy19-audit-report-a133.pdf.

Wikipedia

{{cite report |author=World Resources Institute |title=Independent Auditors’ Reports as Required by Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards and Government Auditing Standards and Related Information |date=30 September 2019 |url=https://wriorg.s3.amazonaws.com/s3fs-public/uploads/wri-fy19-audit-report-a133.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{worldresourcesinstitute2019independent, author = {{World Resources Institute}}, title = {{Independent Auditors’ Reports as Required by Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards and Government Auditing Standards and Related Information}}, institution = {World Resources Institute}, year = {2019}, month = sep, url = {https://wriorg.s3.amazonaws.com/s3fs-public/uploads/wri-fy19-audit-report-a133.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }