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Education : Scholarship and Financial Support

Arizona Christian School Tuition Organization

Awarding scholarships to students attending Christian schools in Arizona

four stars

96.66

P.O. Box 6580 Chandler, AZ 85246
tel: (480) 820-0403   Web Site
EIN: 86-0931047

Board Leadership
Scott Yarbrough
President

CEO
Steve Yarbrough
Executive Director

  Score
(out of 100)
Rating
Overall Score & Rating 96.66 four stars
  Financial 97.50 four stars
  Accountability & Transparency 96.00 four stars
This rating was published 12/01/2020 and includes data from FY2019, the most recent 990 received at that time.

Since it began in 1998, Arizona Christian School Tuition Organization (ACSTO) has awarded over $240 million in scholarships to 38,000 students attending 150 Arizona Christian schools. More than 88,000 visionary Arizona taxpayers have made this possible by donating to ACSTO and benefiting from Arizona's unique opportunity to receive a dollar-for-dollar credit against their Arizona state income tax. ACSTO exists to make Christian Education affordable for students and their families by effectively implementing the provisions of the Arizona Private School Tuition Tax Credit law.

Since it began in 1998, Arizona Christian School Tuition Organization (ACSTO) has awarded over $240 million in scholarships to 38,000 students attending 150 Arizona Christian schools. More than 88,000 visionary Arizona taxpayers have made this possible by donating to ACSTO and benefiting from Arizona's unique opportunity to receive a dollar-for-dollar credit against their Arizona state income tax. ACSTO exists to make Christian Education affordable for students and their families by effectively implementing the provisions of the Arizona Private School Tuition Tax Credit law.

Impact Information

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Financial

four stars

97.50

Accountability & Transparency

four stars

96.00

This rating was published 12/01/2020 and includes data from FY2019, the most recent 990 received at that time.
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)
93.0%
  Administrative Expenses 4.7%
  Fundraising Expenses 2.1%
  Fundraising Efficiency $0.02
  Working Capital Ratio (years) 0.72
  Program Expenses Growth 12.6%
  Liabilities to Assets < 0.1%
All data for Financial Performance Metrics calculations was provided by Arizona Christian School Tuition Organization on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by Arizona Christian School Tuition Organization on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
Arizona Christian School Tuition Organization (AZ) 96.66 four stars
The Posse Foundation (NY) 88.93 three stars
Denver Scholarship Foundation (CO) 90.08 four stars
Children's Scholarship Fund Philadelphia (PA) 95.72 four stars
Scholarship Foundation of Santa Barbara (CA) 91.16 four stars

Compare These Charities (Highly Rated)

REVENUE  
Contributions  
   Contributions, Gifts & Grants $23,775,206
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $0
   Related Organizations $0
   Government Grants $0
Total Contributions $23,775,206
   Program Service Revenue $0
Total Primary Revenue $23,775,206
   Other Revenue $78,731
TOTAL REVENUE $23,853,937
   
EXPENSES  
   Program Expenses $21,538,808
   Administrative Expenses $1,067,709
   Fundraising Expenses $484,166
TOTAL FUNCTIONAL EXPENSES $23,090,683
   
Payments to Affiliates $0
Excess (or Deficit) for the year $763,254
   
Net Assets $15,899,058

Program names and associated costs are listed for the top programs as reported on the charity's most recently filed Form 990. The top programs displayed will include the largest three programs, or those programs covering at least 60% of the charity's total expenses, whichever comes first.

Program Name Amount Spent % of Program Expenses
Grants and Scholarships $13,523,863 62.8%
Awarded Grants and Scholarships to 5,078 students $8,014,945 37.2%

Ratings History
Arizona Christian School Tuition Organization has received 5 consecutive 4-star ratings from Charity Navigator.

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2019-06 12/01/2020 96.66 four stars
2018-06 07/01/2019 96.66 four stars
2017-06 09/01/2018 91.05 four stars
2016-06 10/01/2017 90.48 four stars
2015-06 06/01/2016 91.45 four stars
 
CN 2.0
2015-06 03/01/2016 91.21 four stars
2014-06 09/01/2015 89.31 three stars
2013-06 06/01/2014 88.51 three stars
2012-06 07/01/2013 80.22 three stars
2010-12 12/23/2011 70.30 two stars
2009-12 09/20/2011 75.84 two stars
 
CN 1.0
2009-12 02/01/2011 89.48 three stars
2008-12 05/01/2010 96.88 four stars
2007-12 11/01/2008 96.84 four stars
2006-12 12/01/2007 99.37 four stars
2005-12 11/01/2006 99.22 four stars
2004-12 10/01/2005 95.13 four stars
2003-12 09/01/2004 99.32 four stars

The data displayed on this tab is provided by the IRS in the form of Publication 78 and the Business Master File (BMF).

EIN 86-0931047
Name in IRS Master File ARIZONA CHRISTIAN SCHOOL TUITION ORGANIZATION INC
NTEE Code B82
NTEE Classification Scholarships, Student Financial Aid Services, Awards
NTEE Type Educational Institutions and Related Activities
Classification Charitable Organization
Subsection 501(c)(3)  (View the list of codes)
Activities
Foundation Status Organization which receives a substantial part of its support from a governmental unit or the general public   170(b)(1)(A)(vi)
Deductibility Contributions are deductible
Affiliation Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Group Name [Not Applicable]
Ruling Date March, 1999
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End June
IRS Forms 990
(provided courtesy of Foundation Center)
(Log In or Register Now to View Forms 990!)
  • June, 2017
  • June, 2016
  • June, 2015
  • June, 2014
  • June, 2013
Compensation % of Expenses Paid to Title
$104,824 0.45% Steven B. Yarbrough Executive Director
Other Salaries of Note
$16,154 0.06% Scott Yarbrough President

Highly Rated

Charity Name & State Overall Score Overall Rating
Arizona Christian School Tuition Organization (AZ) 96.66 four stars
Great Aspirations Scholarship Program (GRASP) (VA) 100.00 four stars
Take Stock in Children Palm Beach County (FL) 93.38 four stars
Catholic Education Arizona (AZ) 85.06 three stars
Extra Mile Education Foundation (PA) 89.00 three stars

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This charity has an official representative registered with Charity Navigator.

Charity Contact Info

Arizona Christian School Tuition Organization
P.O. Box 6580
Chandler, AZ 85246
tel: (480) 820-0403
fax: (480) 820-2027
EIN: 86-0931047

Visit Web Site

Board Leadership

Scott Yarbrough
President

CEO

Steve Yarbrough
Executive Director

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