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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 family income meets 185% and 342.25% of poverty level in the previous fiscal year for each type of scholarship.

2019-2020 Fiscal Year

Original Tuition Tax Credit Program

Students whose family income is up to 185% of poverty level

  • Percentage of Total Tuition Awards: 7.74%
  • Award Amount: $19,368

Students whose household income is 185% to 342.25% of poverty level

  • Percentage of Total Tuition Awards: 11.69%
  • Award Amount: $29,243

Switcher (Overflow/PLUS) Tuition Tax Credit Program:

Students whose household income is up to 185% of poverty level

  • Percentage of Total Tuition Awards: 1.94%
  • Award Amount: $2,225

Students whose household income is 185% to 342.25% of poverty level

  • Percentage of Total Tuition Awards: 10.65%
  • Award Amount: $12,247

Low-Income Corporate Tuition Tax Credit Program:

Students whose household income is up to 185% of poverty level

  • Percentage of Total Tuition Awards: 31.83%
  • Award Amount: $64,700

Students whose family income is 185% to 342.25% of poverty level

  • Percentage of Total Tuition Awards: 68.17%
  • Award Amount: $138,548

Audited Financials

Arizona Revised Statute A.R.S. 43-1605, Subsection A requires every certified STO which receives over $1 million dollars in donations to complete a financial audit conducted by an independent CPA.

Form 990 for FY 2018-19 is available for review.

Questions? Call 480-256-1001 or email info@APSTO.org