A DFT/TD-DFT theoretical study has been performed to elucidate the properties of a series of Ir(III) complexes {(xbi) 2 Ir(acac)}, where bi=cyclometalated benzoimidazole; acac=acetylacetonate; x=phenyl (pbi) (1); naphthalene (nbi) (2); phenanthrene (pnbi) (3); ph-cyclopentadiene-ph (fbi) (4); ph-pyrrol-ph (cbi) (5); ph-pyridine-ph (pybi) (6); ph-thiophene-ph (tabi) (7); thiophene (tbi) (8). By changing the conjugation length of benzoimidazole ligand and substitution on the benzoimidazole, the emitting color can be switched from red to green. The theoretical investigations shed some light on the reasons that phosphorescence performance of 1, 4, and 5 is better than others. These new structure–property relationships can guide an improved design and optimization of Ir-based emitting complexes.