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Community Tuition Grant Organization

Community Tuition Grant Organization, Inc

STATISTICS FOR WEBSITE AND FOR PRINTED MATERIAL
For the Fiscal Year July 1, 2019 to June 30, 2020

SCHOLARSHIPS BY INCOME

 Family Income Up to 185% of Poverty Level*Family Income Up to 185% to 342.5% of Poverty Level*
 Amount of Scholarships Paid:Amount as a Percentage of Total Scholarships Paid:Amount of Scholarships Paid:Amount as a Percentage of Total Scholarships Paid:
Low-Income Tax Credit Program 

$171,895

71.55%

$68,355

28.45%

Original Tax Credit Program

$1,000

9.62%

$7,400

71.15%

Switcher Tax Credit Program

$10,050

100.00%

$0

0%

Disabled/Displaced Tax Credit Program

$0

0%

$0

0%

*A School Tuition Organization cannot award, restrict or reserve scholarships solely on the basis of a donor’s recommendation. A taxpayer cannot claim a tax credit if the taxpayer agrees to swap donations with another taxpayer to benefit either taxpayer’s dependent. 43-1603 (c ). Any designation of your own dependent as a potential recipient is prohibited.

COMMUNITY TUITION GRANT ORGANIZATION

Cumulative running balance of 90% calculation

  Original   Switcher Corporate 
 DonationsAmountPercent  DonationsAmountPercent  DonationsAmountPercent 
2018-2019    13,309 12,700   95.42      10,672     10,600       99.33    325,000   220,800 67.94
2019 – 2020    18,285 10,400   56.88      12,289     10,050       81.78    267,500   240,250 89.81
Cumulative    31,594 23,100   73.12      22,961     20,650       89.94    592,500   461,050 77.81

 

Community Tuition Grant Organization

From Community Tuition Grant Organization FYE June 30, 2020 Annual Report Workbook

Dollar Amounts by ProgramTotal Scholarships FY20Up to 185% of poverty levelBetween 185% & 342.25% of poverty level
Original$ 10,400$1,000$7,400
Switcher$ 10,050$10,050$0
Low Income$240,250$171,895$68,355

 

Percentages by ProgramTotal Scholarships FY20Up to 185% of poverty levelBetween 185% & 342.25% of poverty level
Original$  10,4009.62%71.15%
Switcher$  10,050100.00%0.00%
Low Income$240,25071.55%28.45%

ARS 43-1603 (C) NOTICE A school tuition organization cannot award, restrict or reserve scholarships solely on the basis of donor recommendation. A taxpayer may not claim a tax credit if the taxpayer agrees to swap donations with another taxpayer to benefit either taxpayer’s own dependent.