Structures, binding energies, harmonic frequencies, dipole moments, HOMO–LUMO energy gaps and particularly atoms in molecules (AIM) analyses of some nanoannular carbon clusters (C4–C20) are investigated at B3LYP/6-31+G(d) level of theory. No correlation is found by plotting the calculated binding energies as a functional number of carbon atoms of carbon clusters. The calculated binding energies sharply increase from C4 to C10 while slowly from C10 to C20. The binding energies of C4n+2 clusters including C6, C10, C14, and C18 have a clear increase when compared with others indicating their aromatic characters which is confirmed by results of HOMO–LUMO energy gaps and geometrical parameters. AIM analyses show that most of our carbon clusters are topologically normal (non-conflict) with stable structures. Nevertheless, the topological networks of small antiaromatic rings, C4 and C8, at their equilibrium geometries may change via molecular vibrations. The existence of straight bond paths in 3D molecular graphs of carbon clusters with n > 10 implies that ring strains are decreased as the ring sizes grow. Except for C4 and C8, the ellipticity values for the remaining carbon clusters are small indicating that the C–C bond is conserved in these clusters. Dipole moments of even-numbered structures are negligible, whereas odd-numbered ones have μ values of 0.09−0.73 D.