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Financial Report

Financial reports

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