STATE OF ARIZONA REPORTING DISCLOSURES – CATHOLIC EDUCATION ARIZONA
Low-Income Tax Credit Program
For students whose family income meets the economic eligibility requirements established under the National School Lunch and Child Nutrition Acts for free or reduced-price lunches (family income up to 185% of poverty level):
- Amount of low-income scholarships paid: $2,812,868
- Amount as a percentage of total low-income scholarships paid: 60%
For students whose family income meets the economic eligibility requirements established under the National School Lunch and Child Nutrition Acts for free or reduced-price lunches but does not exceed 185% of the eligibility requirements of those acts (family income from 185% to 342.5% of poverty level):
- Amount of low-income scholarships paid: $1,874,026
- Amount as a percentage of total low-income scholarships paid: 40%
Original Tax Credit Program
For students whose family income meets the economic eligibility requirements established under the National School Lunch and Child Nutrition Acts for free or reduced-price lunches (family income up to 185% of poverty level):
- Amount of original scholarships paid: $3,519,134
- Amount as a percentage of total original scholarships paid: 43%
For students whose family income meets the economic eligibility requirements established under the National School Lunch and Child Nutrition Acts for free or reduced-price lunches but does not exceed 185% of the eligibility requirements of those acts (family income from 185% to 342.5% of poverty level):
- Amount of original scholarships paid: $1,985,777
- Amount as a percentage of total original scholarships paid: 25%
Switcher Tax Credit Program
For students whose family income meets the economic eligibility requirements established under the National School Lunch and Child Nutrition Acts for free or reduced-price lunches (family income up to 185% of poverty level):
- Amount of switcher scholarships paid: $2,394,048
- Amount as a percentage of total switcher scholarships paid: 49%
For students whose family income meets the economic eligibility requirements established under the National School Lunch and Child Nutrition Acts for free or reduced-price lunches but does not exceed 185% of the eligibility requirements of those acts (family income from 185% to 342.5% of poverty level):
- Amount of switcher scholarships paid: $1,620,748
- Amount as a percentage of total switcher scholarships paid: 33%