Consistent with updates to A.R.S. 43-1603 in April 2015, all STO's must include the percentage and dollar amount of scholarships given to students whose household income meets 185% and 342.25% of poverty level in the previous fiscal year for each type of scholarship.
2022-2023 Fiscal Year
Original Tuition Tax Credit Program
Students whose household income is up to 185% of poverty level
- Percentage of Total Tuition Awards: 6.10%
- Award Amount: $39,867
Students whose household income is 185% to 342.25% of poverty level
- Percentage of Total Tuition Awards: 1.44%
- Award Amount: $9,386
Switcher (Overflow/PLUS) Tuition Tax Credit Program:
Students whose household income is up to 185% of poverty level
- Percentage of Total Tuition Awards: 6.22%
- Award Amount: $40,616
Students whose household income is 185% to 342.25% of poverty level
- Percentage of Total Tuition Awards: 3.21%
- Award Amount: $21,001
Low-Income Corporate Tuition Tax Credit Program:
Students whose household income is up to 185% of poverty level
- Percentage of Total Tuition Awards: 21.99%
- Award Amount: $143,675
Students whose household income is 185% to 342.25% of poverty level
- Percentage of Total Tuition Awards: 12.64%
- Award Amount: $82,576
Audited Financials
Arizona Revised Statute A.R.S. 43-1605, Subsection A requires every certified STO that receives over $1 million dollars in donations to complete a financial audit conducted by an independent CPA. After the audit's completion, APSTO files a signed copy with the Arizona Department of Revenue.
Our most recent year Form 990 is available for review.
Questions? Call 480-256-1001 or email info@APSTO.org