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.
2024-2025 Fiscal Year
Original Tuition Tax Credit Program
Students whose household income is up to 185% of poverty level
- Percentage of Total Tuition Awards: 24.43%
- Award Amount: $102,759
Students whose household income is 185% to 342.25% of poverty level
- Percentage of Total Tuition Awards: 14.77%
- Award Amount: $62,100
Switcher (Overflow/PLUS) Tuition Tax Credit Program:
Students whose household income is up to 185% of poverty level
- Percentage of Total Tuition Awards: 20.99%
- Award Amount: $66,519
Students whose household income is 185% to 342.25% of poverty level
- Percentage of Total Tuition Awards: 13.23%
- Award Amount: $41,933
Low-Income Corporate Tuition Tax Credit Program:
Students whose household income is up to 185% of poverty level
- Percentage of Total Tuition Awards: 57.91%
- Award Amount: $380,238
Students whose household income is 185% to 342.25% of poverty level
- Percentage of Total Tuition Awards: 40.68%
- Award Amount: $267,118
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