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.
2023-2024 Fiscal Year
Original Tuition Tax Credit Program
Students whose household income is up to 185% of poverty level
- Percentage of Total Tuition Awards: 19.99%
- Award Amount: $64,251
Students whose household income is 185% to 342.25% of poverty level
- Percentage of Total Tuition Awards: 9.76%
- Award Amount: $31,387
Switcher (Overflow/PLUS) Tuition Tax Credit Program:
Students whose household income is up to 185% of poverty level
- Percentage of Total Tuition Awards: 17.97%
- Award Amount: $41,679
Students whose household income is 185% to 342.25% of poverty level
- Percentage of Total Tuition Awards: 11.26%
- Award Amount: $26,120
Low-Income Corporate Tuition Tax Credit Program:
Students whose household income is up to 185% of poverty level
- Percentage of Total Tuition Awards: 46.28%
- Award Amount: $116,905
Students whose household income is 185% to 342.25% of poverty level
- Percentage of Total Tuition Awards: 53.72%
- Award Amount: $135,724
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