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Open "skin.ini" and change the value of "InputOverlayText:" under [Colours] to the desired colour to change the input overlay text colour.
You can also change the name of the skin here to match whatever colour you changed it to.

Values for each colour are listed below:

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Red: 255,0,0

Orange: 255,137,0

Yellow: 230,230,0

Green: 0,230,123

Blue: 0,201,255

Dark Blue: 0,143,213

Purple: 201,0,255

Pink: 255,0,255