Read the following paragraph and determine if the hypothesis is true:

This weekend, SoulCycle will host "Hurricane Maria Relief Rides" at a selection of studios across the United States. 100 percent of proceeds from the indoor cycling classes will be donated to the Puerto Rico Real-Time Recovery Fund. The SoulCycle Ardmore location in the Philly suburbs is participating. On Saturday, Oct. 14, work out with Nikola at 12:45 p.m. to help aid those affected by the devastating hurricane. Individual classes are $30. If you want to participate, make sure to reserve a bike.

Available options: [i] Yes [ii] It's impossible to say [iii] No
Hypothesis: This is the first SoulCycle charity drive
[ii]