Microsoft Word - 2024 World Resources Inst UG.docx

This document is an independent auditors' report and consolidated financial statement for the World Resources Institute (WRI) and its subsidiaries for the fiscal years ending September 30, 2024, and 2023. It provides a detailed accounting of the organization's financial position, activities, cash flows, and compliance with U.S. federal award requirements (Uniform Guidance).

• The independent auditors, Grant Thornton LLP, issued an unmodified opinion stating that the consolidated financial statements of the World Resources Institute and Subsidiaries present fairly, in all material respects, the organization's financial position as of September 30, 2024, and 2023.
• As of September 30, 2024, the Institute's total assets were $538,365,898, with total liabilities of $48,987,101 and total net assets of $489,378,797.
• For the year ended September 30, 2024, total operating revenues were $272,361,534 and total operating expenses were $271,331,499, resulting in a change in net assets from operations of $1,030,035.
• The Institute's program expenses for 2024 were distributed across several thematic areas, with 'Food, forests, water, and ocean' receiving the highest allocation of donor-restricted net assets at $196,835,688.
• The Institute maintains a donor-restricted endowment fund with a cost basis of $25,228,000 as of September 30, 2024. The Board approved an endowment draw of 4.25% for the year ended September 30, 2024, totaling $1,860,046.
• The Institute's receivables as of September 30, 2024, were primarily composed of foreign governments (46%), foundations (32%), and international organizations (12%).
• Total federal expenditures for the year ended September 30, 2024, were $14,870,941, with the U.S. Agency for International Development (USAID) being a primary grantor providing $7,983,741.
• The auditors found that the Institute complied, in all material respects, with the compliance requirements for its major federal programs for the year ended September 30, 2024.
• A prior year finding (2024-001) regarding internal control over the preparation of the Schedule of Expenditures of Federal Awards (SEFA) was reported as 'Corrected' through enhanced review processes and the implementation of a New Project Set Up Form.
• The Institute operates through several incorporated subsidiaries and representative offices, including WRI India (a for-profit company), WRI Europe (a Stichting), Fundación WRI Colombia, and offices in Kenya, Rwanda, China, and Ethiopia.

APA

World Resources Institute (n.d.). Microsoft Word - 2024 World Resources Inst UG.docx. https://files.wri.org/d8/s3fs-public/2025-06/wri-fy24-audit-a133.pdf

Chicago

World Resources Institute. Microsoft Word - 2024 World Resources Inst UG.docx. n.d. https://files.wri.org/d8/s3fs-public/2025-06/wri-fy24-audit-a133.pdf.

Wikipedia

{{cite report |author=World Resources Institute |title=Microsoft Word - 2024 World Resources Inst UG.docx |url=https://files.wri.org/d8/s3fs-public/2025-06/wri-fy24-audit-a133.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{worldresourcesinstitutendmicrosoft, author = {{World Resources Institute}}, title = {{Microsoft Word - 2024 World Resources Inst UG.docx}}, institution = {World Resources Institute}, url = {https://files.wri.org/d8/s3fs-public/2025-06/wri-fy24-audit-a133.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }