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 $533,266,191 as of September 30, 2023, an increase from $384,549,025 in 2022. The organization's operating revenues for the 2023 fiscal year totaled $250,310,049, with $235,185,176 in operating expenses. An independent audit by Grant Thornton LLP issued an unmodified opinion on the financial statements and compliance for major federal programs, although a significant deficiency was identified regarding the preparation of the Schedule of Expenditures of Federal Awards (SEFA). WRI's programmatic work is organized across seven critical issues, including climate, energy, and forests, with a global presence including subsidiaries and offices in India, Europe, Colombia, Kenya, China, and Ethiopia.

• The consolidated financial statements for the years ended September 30, 2023 and 2022 were presented fairly in all material respects in accordance with accounting principles generally accepted in the United States of America.
• As of September 30, 2023, the Institute's total assets were $533,266,191, compared to $384,549,025 on September 30, 2022.
• For the fiscal year ended September 30, 2023, total operating revenues were $250,310,049 and total operating expenses were $235,185,176.
• The Institute's total federal expenditures for the year ended September 30, 2023, were $12,686,321, with the largest portion coming from the U.S. Agency for International Development at $6,906,014.
• Auditors identified a significant deficiency (Finding 2023-001) in internal control over the preparation of the Schedule of Expenditures of Federal Awards (SEFA), noting that the draft included two fixed-priced contracts totaling $517,792 and one vendor relationship contract of $115,000 that should have been excluded.
• The Institute complied in all material respects with the compliance requirements for its major federal programs for the year ended September 30, 2023, which included 'Environmental and Scientific Partnerships and Programs' and 'Trans-National Crime'.
• WRI's donor-restricted endowment funds had a cost basis of $25,183,000 as of September 30, 2023.
• The Institute adopted new accounting guidance for leases (ASC 842) on October 1, 2022, resulting in the recording of $20,263,498 in operating lease right-of-use assets and $23,057,768 in operating lease liabilities as of September 30, 2023.

APA

World Resources Institute (2023). 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/2024-07/wri-fy23-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. 2023. https://files.wri.org/d8/s3fs-public/2024-07/wri-fy23-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 2023 |url=https://files.wri.org/d8/s3fs-public/2024-07/wri-fy23-audit-a133.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{worldresourcesinstitute2023independent, 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 = {2023}, month = sep, url = {https://files.wri.org/d8/s3fs-public/2024-07/wri-fy23-audit-a133.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }