Redwood Research — Annual Expenses: $2.9M

NoteThe source directly confirms the claim. The ProPublica Nonprofit Explorer page for Redwood Research Group Inc (EIN: 87-1702255) displays 'Expenses $2.92M (2024)' in the summary charts section, and the detailed 'Extracted Financial Data from Form 990' for fiscal year ending Dec. 2024 shows 'Expenses $2,922,498'. The exact stored value in the claim ($2,922,498) matches precisely with the source's extracted financial data. The claim's rounded display value of '$2.9M' is also consistent with the source's rounded display of '$2.92M'. The source confirms this is from IRS Form 990 filings, as stated in the claim's additional context. The significant reduction in spending is also evident when comparing 2024 expenses ($2.92M) to 2023 expenses ($12.59M).