Preheat oven to 350F. In a medium-sized bowl, whisk together dry ingredients: flour, cocoa powder, baking powder, baking soda, and salt.
In a separate bowl, beat together softened cream cheese and sugar. (See blog notes for how to quickly soften cream cheese.)
Add the rest of the wet ingredients to the cream cheese/sugar mixture and beat until fully combined.
Slowly whisk the wet ingredients into the dry until just fully combined. Add in food coloring (if you want) until the batter is a deep crimson/burgundy color.
Evenly divide batter between 9 donut molds or muffin tins. Mine came out to about 3 tbsp batter per mold.
Bake until just cooked through, when a tooth pick inserted comes out clean, about 11-15 minutes. Mine were perfectly done at 13 minutes. Try not to over bake! Let cool for about 5 minutes.