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

This document contains the independent auditors' reports and consolidated financial statements for the World Resources Institute (WRI) and its subsidiaries for the fiscal years ending September 30, 2022, and 2021. The reports, prepared by Grant Thornton LLP, provide an unmodified opinion on the financial statements and compliance with federal award requirements under the Uniform Guidance.

• Grant Thornton LLP issued an unmodified opinion on the consolidated financial statements of the World Resources Institute and Subsidiaries for the years ended September 30, 2022 and 2021, stating they present fairly, in all material respects, the financial position and changes in net assets in accordance with U.S. GAAP.
• The Institute's total assets were $384,549,025 as of September 30, 2022, compared to $389,814,951 as of September 30, 2021.
• For the fiscal year ended September 30, 2022, the Institute reported total operating revenues of $190,603,161 and total operating expenses of $198,919,127, resulting in a change in net assets from operations of ($8,315,966).
• The Institute's net assets as of September 30, 2022, totaled $362,976,138, consisting of $28,888,401 without donor restrictions and $334,087,737 with donor restrictions.
• The Institute operates through several subsidiaries and representative offices, including WRI India (a for-profit company), WRI Europe (a not-for-profit foundation in The Hague), Fundación WRI Colombia, a Beijing Representative Office (WRI China), and an Africa Regional Office in Ethiopia.
• As of September 30, 2022, the Institute's grants, pledges, and contracts receivable, net, totaled $178,943,762, with the largest portions coming from foundations (48%) and foreign governments (29%).
• The Institute maintains a donor-restricted endowment with a cost basis of $25,150,000 as of September 30, 2022, and 2021.
• For the year ended September 30, 2022, the Institute's indirect cost rates were calculated as 10.64% for facility costs, 13.40% for general and administrative costs, and 4.82% for subgrants.
• The auditors found no material weaknesses in internal control over financial reporting or internal control over compliance for the major federal program (USAID Foreign Assistance for Programs Overseas).
• The Institute's major federal program for the year ended September 30, 2022, was identified as USAID Foreign Assistance for Programs Overseas (Assistance Listing Number 98.001).

APA

World Resources Institute (2022). 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://files.wri.org/d8/s3fs-public/2023-06/wri-fy22-audit-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. 2022. https://files.wri.org/d8/s3fs-public/2023-06/wri-fy22-audit-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 2022 |url=https://files.wri.org/d8/s3fs-public/2023-06/wri-fy22-audit-a133.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{worldresourcesinstitute2022independent, 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 = {2022}, month = sep, url = {https://files.wri.org/d8/s3fs-public/2023-06/wri-fy22-audit-a133.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }