Redwood Research Group Inc

Analysis

Redwood Research Group Inc is a registered charity in United States, based in Berkeley, CA. It received its IRS tax-exemption ruling in September 2021, 5 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Redwood Research Group Inc reported income of $10.0m and spending of $12.6m, spending 125% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $13.9m to $10.0m (-28%), an average of -15% a year. The sharpest change came in the year to December 2023, when income dropped by 17%. Over the whole period it spent 77% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Redwood Research Group Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within CA. Charities of a similar size with the same main cause include Charleston Gaillard Management Corporation ($10.0m), Air Force Museum Foundation Inc ($10.0m) and Motown Historical Museum Inc ($10.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 3.4% of the total. Compensation of current officers, directors and key employees was $679k (5.4% of expenses). Other salaries and wages came to $2.6m. At year end it held assets of $12.0m against liabilities of $3.7m, net assets of $8.3m. It reported 34 employees.