World Resource Institute

WRI Annual Report 2020-21: Operations and Finance

Operations And Finance

The trust of our supporters is one of our highest priorities. We receive donations from individuals, governments, foundations and corporations, and we have stringent financial controls in place to ensure compliance with donors’ wishes.

Thanks to the generosity of our donors, we were able to strengthen our internal systems so that we could continue to effectively manage and steward our resources and deepen our impact. Despite the pandemic, we increased our program investments in 2020, as we pursued our goal of rapid, systemic change.

FINANCIAL STABILITY

WRI entered 2021 in strong financial condition. Program spending increased 12%, to $144 million. WRI received the highest unqualified audit opinion in FY20. Charity Navigator rated WRI as one of its Top 10 Charities, among large, complex organizations with budgets exceeding $100 million and at least $65 million in net assets, citing in particular our “exceptional financial management.”

SHIFTING HOW WE WORK

Like almost all organizations, WRI had to adapt quickly to novel working conditions in 2020. Thanks to our operations and IT teams, we made constant improvements to our information and communications technology that allowed us to continue to operate effectively across our network.

WRI’s Crisis Management Team and Reopening Task Force monitored health reports and regulations, providing leadership and staff with timely updates. Our approach to reopening our offices will prioritize the well-being of our staff and reflect the range of conditions in different locations.

Statement of Consolidated Activities ($000s)

(At September 30, 2020, with comparative totals for 2019)

SOURCES OF OPERATING FUNDS - WITHOUT DONOR RESTRICTIONS 2020 2019
Grants/Contributions $143,082 $125,733
Federal Grants 3,778 4,502
Support from Endowment Income/Others 2,085 1,907
Total Revenues and Other Support 148,945 132,142
EXPENSES
Program Activities 131,066 116,716
General Administration 11,561 10,022
Development 1,288 2,003
Total Expenses 143,916 128,741
Change in Operating Net Assets 5,029 3,400
 
Total Net Assets at the Beginning of the Fiscal Year 148,109 114,869
CHANGE IN NET ASSETS DURING THE FISCAL YEAR
Net Assets without Donor Restrictions 5,029 3,400
Net Assets with Donor Restrictions 86,949 32,473
Nonoperating Activities 2,190 (2,633)
Total Change in Net Assets 94,169 33,240
Ending Net Assets 242,278 148,109

 

“With its strong leadership team and deep bench of experts, WRI has built a reputation for sharp analysis and high impact. I can’t wait to see where it goes in its next chapter!”
—Frances Beinecke, President Emerita and Honorary Trustee Natural Resources Defense Council (NRDC) WRI Global Board of Directors