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) and its subsidiaries underwent independent audits for the fiscal years 2021 and 2022. The auditors issued unmodified opinions on the consolidated financial statements, stating they present fairly the financial position of the Institute. For the year ended September 30, 2022, total assets were $384,549,025 and total liabilities were $21,572,887. The Institute's operations are supported by grants and contracts, with significant funding from foundations (48% of receivables) and foreign governments (29% of receivables). A separate compliance audit for the major federal program (USAID Foreign Assistance for Programs Overseas) also resulted in an unmodified opinion, though some significant deficiencies in internal control were noted that were not considered material weaknesses.

• The independent auditors issued an unmodified opinion on the consolidated financial statements for the years ended September 30, 2022 and 2021, concluding that they "present fairly, in all material respects, the financial position of the Institute".
• As of September 30, 2022, the Institute reported total assets of $384,549,025 and total liabilities of $21,572,887.
• The Institute's net assets decreased from $372,383,972 on September 30, 2021, to $362,976,138 on September 30, 2022.
• For the fiscal year ended September 30, 2022, the Institute's total operating revenues were $190,603,161, while total operating expenses were $198,919,127.
• The Institute's receivables as of September 30, 2022, were primarily composed of foundations (48%), foreign governments (29%), international organizations (12%), and corporations, individuals, and others (9%), with the U.S. government accounting for 2%.
• The auditors issued an unmodified opinion regarding the Institute's compliance with the major federal program, identified as "USAID Foreign Assistance for Programs Overseas".
• While no material weaknesses were identified in internal control over financial reporting or compliance, the auditors did identify "Significant deficiency(ies)" in both areas that were not considered material weaknesses.
• The Institute maintains a donor-restricted endowment with a cost basis of $25,150,000 as of September 30, 2022 and 2021.
• The Institute operates through several subsidiaries and representative offices, including WRI India (a for-profit company), WRI Europe (a not-for-profit foundation), Fundación WRI Colombia, and representative offices in China and Africa.

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} }