Determine if the sentence is true based on the text below:
The 1976 SCCA/USAC Formula 5000 Championship is based in North America.

The 1976 SCCA/USAC Formula 5000 Championship was the tenth running of the Sports Car Club of America's premier open wheel racing series and the third to be co-sanctioned by the Sports Car Club of America (SCCA) and the United States Auto Club (USAC).
OPTIONS:
- Yes
- It's impossible to say
- No
Yes