1. Preheat your oven to 325°F (160°C) and grease a bundt pan.
2. In a large bowl, beat the cream cheese and butter together until smooth.
3. Add the granulated sugar and mix until well combined.
4. Incorporate the eggs one at a time, mixing well after each addition.
5. Stir in the vanilla extract.
6. In a separate bowl, whisk together the flour, cocoa powder, baking powder, and salt.
7. Gradually add the dry ingredients to the wet mixture, mixing until just combined.
8. Pour the batter into the prepared bundt pan and smooth the top.
9. Bake for 60-70 minutes, or until a toothpick inserted into the center comes out clean.
10. Let the cake cool in the pan for 10 minutes before transferring it to a wire rack to cool completely.
11. Once cooled, dust with powdered sugar before serving.

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