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 consistent with the source's rounded display of '$2.92M'. The data is from IRS Form 990 filings as stated in both the claim and source. The context about 'significant reduction in spending' is also supported by the source data showing expenses of $12,590,834 in 2023 versus $2,922,498 in 2024.