Independent Auditor’s 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) received unmodified audit opinions for its consolidated financial statements and its major federal program for the fiscal year ending September 30, 2025. Total assets decreased from $538.4 million in 2024 to $436.9 million in 2025, while total net assets fell from $489.4 million to $390.8 million. The Institute's programmatic spending for 2025 totaled $274.9 million, with the largest expenditures directed toward 'Food, Forests and Water, Ocean' and 'Climate, Economics, and Finance'. Federal expenditures for 2025 totaled $9.1 million, primarily funded by the U.S. Department of State and the U.S. Agency for International Development. The auditor identified no material weaknesses in internal control over financial reporting or compliance for major federal programs.

• The independent auditors issued an unmodified opinion on the consolidated financial statements for the years ended September 30, 2025 and 2024, stating they "present fairly, in all material respects, the financial position of the Institute".
• Total assets for the Institute decreased to $436,879,370 as of September 30, 2025, compared to $538,365,898 as of September 30, 2024.
• Total net assets decreased from $489,378,797 in 2024 to $390,821,863 in 2025, with $304,598,899 held with donor restrictions for specific purposes or passage of time.
• Total operating expenses for the year ended September 30, 2025, were $305,301,399, of which $274,977,661 was dedicated to "Policy research, technical support, and communications programs".
• For the fiscal year 2025, the Institute's total federal expenditures were $9,107,900, with the U.S. Department of State providing $3,509,000 and the U.S. Agency for International Development providing $3,524,300.
• The auditor's report on compliance for the major federal program—specifically the U.S. Department of State's Environmental and Scientific Partnerships and Programs (19.017)—was unmodified, concluding the Institute "complied, in all material respects" with compliance requirements.
• The audit of internal control over financial reporting did not identify any "deficiencies in internal control that we consider to be material weaknesses".
• The Institute maintains a donor-restricted endowment with an original corpus of $25,228,000, with a board-approved annual draw of 4.25% for the year ended September 30, 2025.
• As of September 30, 2025, the Institute's grants, pledges, and contracts receivable, net, totaled $192,310,546, with 51% originating from foreign governments.
• Subsequent to the fiscal year end, WRI Europe was deconsolidated because WRI "no longer possesses the authority to appoint members of its governing board".

APA

World Resources Institute (2025). Independent Auditor’s 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/2026-07/world-resources-institute-fy2025-audit-a133.pdf

Chicago

World Resources Institute. Independent Auditor’s 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. 2025. https://files.wri.org/d8/s3fs-public/2026-07/world-resources-institute-fy2025-audit-a133.pdf.

Wikipedia

{{cite report |author=World Resources Institute |title=Independent Auditor’s 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 2025 |url=https://files.wri.org/d8/s3fs-public/2026-07/world-resources-institute-fy2025-audit-a133.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{worldresourcesinstitute2025independent, author = {{World Resources Institute}}, title = {{Independent Auditor’s 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 = {2025}, month = sep, url = {https://files.wri.org/d8/s3fs-public/2026-07/world-resources-institute-fy2025-audit-a133.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }