We present ab initio complete-active-space configuration interaction (CASCI) density functional theory (DFT) study of the phenalenyl radical systems. Our approach employed in this study is based on the assumption that one-electron per one phenalenyl unit is responsible for magnetic properties of the phenalenyl radical dimeric compounds and that the residual correlation effects can be covered by DFT correlation potential for CASCI[2,2] wavefunction. The effective exchange integrals and lowest-lying excited energies of several phenalenyl dimeric compounds are calculated by CASCI[2,2]-DFT method. The implication of the computational results are discussed in relation with those of spin unrestricted Hartree–Fock (UHF), hybrid DFT, and pure DFT, and the experimental ones.