MIX cream cheese and cookie crumbs until well blended.
SHAPE into 40 (1-inch) balls; place in single layer in shallow pan. Freeze 10 min. Mix melted chocolate and food coloring until well blended. Dip balls in chocolate; place in single layer in shallow waxed paper-lined pan. Top with sprinkles.
REFRIGERATE 1 hour or until firm. Keep refrigerated.