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.
2020-2021 Fiscal Year
Original Tuition Tax Credit Program
Students whose household income is up to 185% of poverty level
- Percentage of Total Tuition Awards: 6.34%
- Award Amount: $24,204
Students whose household income is 185% to 342.25% of poverty level
- Percentage of Total Tuition Awards: 18.62%
- Award Amount: $71,083
Switcher (Overflow/PLUS) Tuition Tax Credit Program:
Students whose household income is up to 185% of poverty level
- Percentage of Total Tuition Awards: 15.50%
- Award Amount: $31,901
Students whose household income is 185% to 342.25% of poverty level
- Percentage of Total Tuition Awards: 18.32%
- Award Amount: $37,705
Low-Income Corporate Tuition Tax Credit Program:
Students whose household income is up to 185% of poverty level
- Percentage of Total Tuition Awards: 38.10%
- Award Amount: $201,250
Students whose household income is 185% to 342.25% of poverty level
- Percentage of Total Tuition Awards: 61.90%
- Award Amount: $327,005
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