Place the softened cream cheese and butter in a bowl and use an electric mixer to combine fully.
Gradually mix in the powdered sugar, ½ cup at a time, until fully incorporated.
Stir in the vanilla extract and green food coloring until you reach your desired shade.
Transfer to a serving bowl and garnish with St. Patrick’s Day sprinkles and rainbow candies. Depending on the sprinkles you use, the color from the sprinkles could bleed onto the dip. So I recommend only putting the sprinkles on just before serving.
Serve with your favorite dippers! My favorites are pretzels for the sweet and salty taste, or fruit and graham crackers for a cheesecake vibe. If you use different colored fruits, you can create a rainbow of fruit around your St. Patrick's Day dessert dip.