Combine cream cheese, butter, peppermint extract and one cup of powdered sugar in a bowl with an electric mixer or stand up mixer until fully combined.

Scrape down the sides and add in the remaining powdered sugar. Mix on low until combined scraping down side often.

Divide the mixture into 3 smaller bowls.

Add different food coloring to each bowl and mix together well. Add as little or as much food coloring you need to get your desired shade.

Roll teaspoon-sized balls from each colored mixture and place them on a baking sheet with parchment paper.

Press each ball down gently to flatten it.

Let the mints sit at room temperature for 2 hours before serving, then store in an airtight container in the fridge.