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Colorado Department of Revenue
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2019 Individual Statistics of Income
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Table 14. Business Income by Industry
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This table summarizes sole proprietorship business income by industry as reported by full-year resident taxpayers on federal Schedule C forms.
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I. Number of Returns, Number of Schedule C's, and Aggregate Dollar Amounts
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NAICS Code ¹Industry ¹Number of
Returns ²
Number of Schedule C'sGross IncomeNet Profit or Loss
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11Agriculture, Forestry, Fishing and Hunting 5,533 5,690 $210,867,021 $17,073,516
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21Mining, Quarrying, and Oil and Gas Extraction 3,246 3,659 $211,916,168 $32,224,937
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22Utilities 266 270 $9,999,999 $3,654,458
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23Construction 49,106 50,014 $3,445,388,867 $963,731,970
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31-33Manufacturing 6,491 6,594 $278,443,745 $48,464,711
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42Wholesale Trade 5,270 5,403 $261,869,862 $69,006,021
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441Motor Vehicle and Parts Dealers 1,460 1,490 $85,401,884 $9,717,242
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442Furniture and Home Furnishings Stores 368 374 $19,280,985 $3,353,311
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443Electronics and Appliance Stores 179 185 $9,567,202 $1,403,034
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444Building Material and Garden Equipment and Supplies Dealers 385 392 $31,195,518 $7,582,609
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445Food and Beverage Stores 1,100 1,128 $89,893,332 $7,140,565
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446Health and Personal Care Stores 2,581 2,625 $51,525,165 $10,959,954
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447Gasoline Stations 95 101 $18,840,006 $2,619,621
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448Clothing and Clothing Accessories Stores 2,025 2,055 $55,869,742 $4,848,105
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451Sporting Goods, Hobby, Musical Instrument, and Book Stores 1,560 1,588 $45,806,993 $4,291,808
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452General Merchandise Stores 526 539 $16,509,014 $1,326,235
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453Miscellaneous Store Retailers 4,392 4,468 $135,367,863 $15,128,361
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454Nonstore Retailers 21,355 22,071 $293,007,644 $57,074,071
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48-49Transportation and Warehousing 40,408 43,439 $1,582,300,286 $210,533,201
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51Information 6,943 7,112 $208,227,570 $108,325,124
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52Finance and Insurance 11,375 12,286 $1,051,546,783 $306,191,441
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53Real Estate and Rental and Leasing 28,675 30,030 $1,651,883,311 $669,603,690
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54Professional, Scientific, and Technical Services 78,220 81,988 $3,368,600,573 $1,814,730,333
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56Administrative and Support and Waste Management and Remediation Services 29,891 30,696 $925,699,905 $327,752,511
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61Educational Services 15,264 15,779 $213,349,276 $95,944,948
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62Health Care and Social Assistance 30,493 31,462 $1,406,303,192 $599,329,004
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71Arts, Entertainment, and Recreation 31,765 33,200 $547,151,274 $152,465,244
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721Accommodation 1,630 1,740 $105,713,247 $2,465,698
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722Food Services and Drinking Places 6,680 6,957 $490,171,993 $19,581,412
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55; 81Management of Companies and Enterprises; Other Services (except Public Administration) 55,853 58,248 $1,680,262,231 $543,783,997
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92Public Administration 16 17 $99,462 $66,504
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NABlank or Invalid NAICS 87,331 93,062 $1,938,336,289 $705,155,199
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Total 478,014 554,662 $20,440,396,402 $6,815,528,835
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Source: Federal and Colorado individual income tax returns (full-year residents only)
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¹ These industries are defined in the North American Industry Classification System (NAICS). NAICS are reported by the taxpayer on their federal Schedule C forms.
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² An individual may file more than one Schedule C if they have more than one business, and each of their businesses may have a different NAICS code. Every Schedule C is summarized separately in this table. Therefore, one return may show up in more than one industry category. The total number of returns represents the total number of returns with at least one Schedule C; it is not a sum of the returns within each industry category.
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Prepared by: Office of Research and Analysis, Colorado Department of Revenue | dor_ora@state.co.us
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Data extracted: August 26, 2021
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Publish date: November 2022
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